Economy & Business

While Europe Scrimps, European Union Spends

By Stephen Castle, the New York Times

From Stephen Castle, the New York Times:  In Brussels, meanwhile, the bureaucracy that runs the European Union is haggling over how much to increase next year’s budget. In 2011, the European Union will pour billions more euros into the Continent’s regions for infrastructure and other projects. Spending on justice and security is set to rise […]

German Economy Surges by Defying Stimulus Strategy: View from Europe

By Scott Bleiweis

Many of the world’s largest economies, the U.S. included, have trumpeted the necessity of increasing spending to jumpstart growth. Meanwhile Europe’s largest economy, Germany, defiantly stuck to its plan of spending cuts, limited unemployment benefits, and a focus on exports. Though widely questioned for its economically conservative policies, Germany is now having the last laugh: […]

Canada, EU on track for free trade deal in 2011: minister

By AFP

German Business Moves Beyond Russia to China

By Judy Dempsey, the New York Times

Former Foreign Minister: ‘Germany has found its place as Europe’s number one’

By Charlemagne, the Economist

From Charlemagne, the Economist:  Insults are being lobbed back and forth across the Rhine. The French cannot stop themselves from provoking the Germans.

Turning East, Turkey Asserts Economic Power

By Landon Thomas Jr., the New York Times

From Landon Thomas Jr., the New York Times:  For many in aging and debt-weary Europe, which will be lucky to eke out a little more than 1 percent growth this year, Turkey’s economic renaissance — last week it reported a stunning 11.4 percent expansion for the first quarter, second only to China — poses a […]

Two Competing Visions of a European Economy

By Steven Erlanger, the New York Times

From Steven Erlanger, the New York Times:  The market storm over the fate of the euro has calmed to prevailing winds, but there is considerable nervousness here over the economic health of Spain, the impact of austerity on long-term growth and continuing differences between France and Germany over the economic direction of the European Union.

In Europe, U.S. Allies Target Defense Budgets

By Stephen Fidler, Alistair MacDonald, and Patrick McGroarty, the Wall Street Journal