Davos elite see euro surviving, for now

Market doubts about the euro focus on Europe`s ability to rein in fiscal excesses at a time of slow growth and high unemployment, and a growing gap in economic competitiveness between northern and southern Europe.

Europe’s Sisyphean burden

In Greek mythology, Sisyphus was condemned to roll a boulder to the top of the hill, only to see it roll all the way down again. It looks as if the eurozone will be carrying its Sisyphean burden for a long time.

Fallout of recession in eurozone

The recession in the eurozone will have a serious fallout for India and weaken growth further. It is important therefore that the Europe factor is adequately counterbalanced by domestic measures in order to regain the momentum reached earlier.

Eurozone crisis: What it means and how it affects world economy

While austerity is highly advocated for countries facing a financial crisis, the dilemma is that slowdown of spending would adversely affect growth rates which will also come down.

New iPhone? No thanks, say cash-conscious Europeans

The October roll-out of Apple`s iPhone 4S boosted its position in Britain and United States, but the new phones failed to excite interest in continental Europe, where Apple`s share of the fast-growing smartphone market slipped.

Euro tense as ECB tender fails to impress

The euro was on the defensive against the dollar on Thursday, having shed all the week`s gains as investors doubted a massive 489 billion euro tender by the European Central Bank would solve the EU debt crisis.

Sarkozy, Draghi winners in EU rift

Napoleon dreamed of it, De Gaulle fought for it, but Nicolas Sarkozy may have achieved it -- a Europe of Nations with France in the cockpit and Britain on the sidelines.

Eurozone pain, hurts so good

It’s hugely important that Europe take steps to prevent a crisis like this from happening again, not only for its own viability, but to help draft a new blueprint for the rest of the world.

Inequality highest in 30 years, OECD finds

The wealthiest Americans have collected the bulk of the past three decades’ income gains. The share of national income of the richest 1 percent more than doubled between 1980 and 2008 from 8 percent to 18 percent.

The eurozone’s self-inflicted killer

In granting the EFSF the all-important triple-A rating, the rating agencies were somewhat cautious. They weren’t willing to assume, as they did with subprime mortgages, that any subset of debt guarantees—no matter how small—made by countries that weren’t themselves triple-A rated would be worthy of the gold-plated standard.

Europe’s necessary creative destruction

Euro zone institutions and politics have to be reshaped to prevent this type of crisis from ever happening again. Until this risk is mitigated, lending costs will stay high for a long time to come.

Showman Berlusconi finally sunk by markets

Silvio Berlusconi dominated Italy for 17 years with a unique mix of political talent and brazen behavior but in the end it was market pressure from abroad that brought him down.

Europe`s chaotic catharsis

Europe is perched between chaos and catharsis, as the political dramas in Athens and Rome reach crisis point. One path leads to destruction; the other rebirth. Though there are signs of hope, a few more missteps will lead down into the chasm.