Disappointing EU Factory Data Raises Doubts About Recovery

Eurozone manufacturing numbers plunged in July to their lowest level in three years, according to newly-released macroeconomic data. A fall of 1.5% in industrial output was reported across the 17-country Eurozone, instead of the 0.1% increase forecast by economists. The drop, reported by European Union statistics agency Eurostat, raises serious questions about whether European leaders […]

An Economic Recovery May Save Hollande’s Presidency

France’s recession is officially over, as newly released economic data showed a surprising return to growth in the second quarter. The national economic statistics agency, INSEE, reported that the French economy grew by 0.5% between April and June, its best showing in the last two years. The unexpected boost was attributed in large part to […]

Greece on Brink of Default

Whether or not Greece will be able to remain in the Euro Zone has been discussed for some time, but for American companies that have business in the unstable country, things are looking very precarious. In an August 23 meeting between Angela Merkel, François Hollande, and Antonis Samaras, the Greek Prime Minister, Merkel made it very […]

Germany Refuses to Alleviate Greek Burden

Greece was the focus of a meeting between Angela Merkel and François Hollande on August 23rd. The two main leaders of the European Union discussed Greece’s request to postpone some of the reforms demanded by its creditors in exchange for funding to avoid complete bankruptcy. The German and French leaders had a dinner before both […]