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The euro should now be recognized as an experiment that failed. The political goal of creating a harmonious Europe has also failed
- Will the Euro Survive 2012?
- Is Europe Over?
- Europe's Crisis: Beyond Finance
- Uncertainty Rises as Eurozone Crisis Deepens
- France Planning Eurozone Breakaway
- The Perverse Side Effect of the Euro
- Europe's Crisis Is a Global Issue
- Europe's Economic Measures Too Little Too Late
- Crisis Gratuitously Self-Inflicted
- Europe's Structural Reforms Are Serious
Euro Zone Rescue: Deja Vu All Over Again
The crisis won't be over until the underlying flaw of the euro is fixed -- namely the separation of monetary and fiscal policy. German public opinion has to realise that the euro was built on imperfect foundations and that these imperfections must be corrected. Meanwhile, the Italian president of the ECB will need all his technical and political expertise to keep the Eurozone together
EU Leaders Announce New Eurozone Rescue Deal
EU leaders announced a new plan to contain the debt crisis in the euro area, after private banks and investors agreed to write off 50% of Greek debt from their books
Communing with Nature in Austria's Hallstatt
It's rare that a town's charm will get me out of bed early. The postcard-pretty, lake-cuddling town of Hallstatt, two hours south of Salzburg, is one of those places. Hallstatt is located in Austria's Salzkammergut lake district, a scenic wonder that has enthralled nature lovers for centuries.
Eurozone Rescue or Recession? Fallout of the October Package
It was short-term good news in that it defused 'the bomb' -- the possible catastrophe vortex of failing banks and defaulting sovereigns. The bad news is that it will induce a recession. Banks will create a credit crunch in trying to meet capital adequacy ratios, and the new austerity will create a fiscal contraction
Can Europe's Divided House Stand?
Conventional wisdom has it that the eurozone cannot have a monetary union without also having a fiscal union. Euro-enthusiasts see the single currency as the first steppingstone toward a broader economic union, which is their dream. Euroskeptics do, too, but they see that endgame as hell -- and would prefer the single currency to be dismantled
What's New in Germany and Austria
Shoring up the old while ushering in the new, Germany and Austria invests major bucks to renovate sights, improve transit hubs, and bring soaring viewpoints and opera within easy reach of the public.
Exporters Armed Arab Spring Crackdown
Repressive regimes of the Middle East and North Africa had all the equipment they needed to quash Arab Spring protests, thanks to arms exporters
Assessing the Damage of the European Banking Crisis
Europe faces a banking crisis it has not wanted to admit even exists
Vienna is a city with a rich culture you can almost inhale and a vivid history you can practically touch. As I walked out of my hotel on a Sunday morning, I decided to skip the sights and immerse myself in Vienna's wealth of cultural offerings
Karen Brown -- traveling to Europe for over 30 years and best known as the author of Karen Brown's travel guides -- shares her 10 Best Bargains in Salzburg, Austria, a favorite tourist destination in Europe.
Commission clears Austrian green-energy law
Author: New Europe The European Commission has found an Austrian scheme to support the production of energy from renewable sources in line with EU state-aid rules.
DSM announces marketing and sales alliance with Indoco
Author: New Europe Royal DSM NV, on 31 January announced the signing of an agreement with Indoco Remedies Limited, Mumbai, India, for commercial cooperation for eight Active Pharmaceutical Ingredients (APIs).
AUA responsibilities 'to be razed'
Author: New Europe The German owner of Austrian Airlines (AUA) plans to relocate several departments of the Vienna-based carrier to Frankfurt, Austrian Independent reported.
Vienna invests in tourism
Author: New Europe Viennese tourism officials plan to invest €14 million on marketing across the globe this year, Austrian Independent reported. The city’s tourism agency said last Monday it was considering promoting holidays in Vienna in 23 countries in 2012.
As HUF grows weaker, investment becomes stronger
Author: New Europe While the Hungarian currency (forint) hit a historic low of HUF 324 to the euro in early January on fears that international lenders would refuse a bailout for Hungary, which is seeking a credit line of €15-20 billion ($19-25bn), the Hungarian unit of Austria’s Leier Group is to set up a concrete block manufacturing plant in Győr (northwest Hungary) in scope of a green-field investment.
DocLX abolishes booze ads
Author: New Europe Austria’s leading post-graduation holiday organiser promised to stop advertising around-the-clock alcohol supply, Austrian Independent reported.
Commission cites Hungary on excessive deficit
Author: New Europe The European Commission concluded that Hungary has not made sufficient progress towards a timely and sustainable correction of its excessive deficit and has called for next step in the excessive deficit procedure.
Austria
Neighbors send euro troubles to Austria
Downgrade -- the most feared word in Europe's financial lexicon. Most attention Friday was focused on France -- Europe's second largest economy -- as Standard & Poor's cut its rating on French sovereign debt.
Austrian downgrade reflects Europe's complex web of problems
Downgrade -- the most feared word in Europe's financial lexicon. Most attention Friday was focused on France, Europe's second-largest economy, as Standard & Poor's cut its rating on French sovereign debt. But the debt of several other countries also received the Mark of Cain, including Italy, Spain, Portugal -- and Austria, whose debt rating was cut by one notch from its AAA status.
5 great European cities for Christmas markets
Picture the glow of medieval squares illuminated by thousands of sparkling lights. Imagine gingerbread-style stalls where artisans offer traditional crafts that threaten to banish gifts of boring neckties and fruitcakes for eternity. Marvel at iPod-toting children falling under the spell of low-tech charms like wooden toys, ice rinks and vintage merry-go-rounds.
The best cities in the world to live in
It's famous for its rich cultural history, a waltz and Wiener schnitzel. And for the third year in a row, Vienna, Austria, can also boast the highest quality of living in the world.
Will the Austrians, Slovaks or Dutch break the euro?
French banks were the center of the European financial storm this week, after Societe Generale and Credit Agricole were downgraded by ratings agency Moody's Investors Service. Eyes were also on the unfolding drama of Italy's surging funding costs, amid warnings the country is one which is too big to fail. At the same time, members of the Free Democrats -- the smaller party in Angela Merkel's governing coalition -- are openly flirting with a more Eurosceptic line.
Peter King: MMQB Mail: Asomugha, Jets a legitimate connection
Five things I think I think about the opening frenzy of the Summer of Frenzy:
Nature and culture collide in Austria
It's rare that a town's charm will get me out of bed early. The postcard-pretty, lake-cuddling town of Hallstatt, two hours south of Salzburg, is one of those places.
Luke Winn: Ranking the top 20 NCAA players at this summer's Euro Championships
Last week, when the English version of Israeli newspaper Haaretz published a rare college basketball article, it seized the opportunity to run the ultimate Jewish/Mid-Major mashup headline: "Shooting Star of David(son)". The story was about Jake Cohen, the 6-foot-10 rising sophomore at Davidson who grew up in Berwyn, Pa., but -- because of his Jewish heritage -- was able to gain dual citizenship and join Israel's U20 national team for this summer's European Championships. It mentioned how the team, whose other starters are native Israelis, was holding some of its practices in English on account of Cohen, who told SI.com he's "the opposite of fluent" in Hebrew.
Tearful Vienna Calls Jake a Lying 'Fame Whore'
Girardi storms out of a TV taping of her reunion with ex-Bachelor fiancé Pavelka
Stowaway survives flight from Austria to Britain
A 20-year-old Romanian stowaway survived a 90-minute flight in a private plane's wheel compartment and was subsequently arrested, reported the Metropolitan Police Service in London, England.
Vienna tops world's best cities survey
Vienna, the Austrian capital renowned for its music and architecture, has the best quality of life of any city in the world, according to results of a survey released Wednesday.
Brian Cazenueve: London v. Beijing for 2015 T&F championships
• Not only will they be compared for their ability to host Olympic Games and to make tea, but Beijing and London will go head-to-head for the right to stage the IAAF world championships in Track & Field for 2015. If Beijing wins, the championships will be held at the acclaimed Birds' Nest stadium that hosted track at the 2008 Games. If London wins, the events would be held at the Olympic Stadium being built for the 2012 Olympics.
'Bachelors' and 'Bachelorettes': Where are they now?
Over the weekend, Jason Mesnick and Molly Malaney tied the knot -- we'll see it unfold on television on March 8 -- becoming the first "Bachelor" couple to actually make it down the aisle, news that we can only applaud since Melissa Rycroft recently got hitched as well.
A postcard-perfect Austrian ski trip
I've never seen such wide open slopes -- no trees, no houses, just field after field of newly fallen snow.
6 hikers killed in Austria avalanche
The bodies of six Czech hikers who died in an avalanche near the Soelden ski resort in the Austrian Alps were recovered Sunday, police and rescue services said Sunday.
US routs Austria, advances at worlds
BERN, Switzerland (AP) -- The United States found its ruthless streak -- eventually -- and beat Austria 6-1 Monday to advance to the second round of the ice hockey world championship.
Austria's beauty and attractions dazzle the whole family
It sparkles everywhere -- on the walls, the floors, on the ceilings in fanciful art displays guaranteed to make you say, "WOW!" no matter what your age.
Tragedy highlights skiing risks
The death of actress Natasha Richardson, who sustained a fatal head injury while skiing, has reignited the perennial debate around the safety of the sport.
A wunderbar welcome in Austria and Germany
Many sights in Germany and Austria have been renovated in the last year or two to better display this region's rich heritage, making 2009 a good time to visit.
Austria takes over bank hit by Madoff case
The Austrian government has taken control of a private bank with significant exposure to the alleged fraud by Bernard Madoff.
Dad raped daughters for 27 years
A British man was jailed Tuesday for raping two of his daughters and fathering nine children over 27 years, a case with echoes of Austria's Josef Fritzl.
Joerg Haider's Troubled Legacy
Rightist Joerg Haider's, dead in a car crash, marshaled anti-immigrant sentiment, nationalism and even a bit of Nazi sympathy to change Austrian politics forever
Austria's Far Right on the Rise
Though prosperous and safe, the country is chronically susceptible to politicians who rail against immigrants
View from the top of Germany
One of my favorite places to be in Europe is atop the Zugspitze -- the highest point in Germany. Standing on this 9,700-foot peak, you can't help but marvel at the thought that you are above everyone else in the entire country -- No. 1 out of 82 million. From here, facing south, I feel like a maestro conducting a symphony of snow-capped peaks, as the mighty Alps stretch seemingly forever to the right and left.
Gabriele Marcotti: From Austria to Zlatan, the best of Euro 2008 so far
ZURICH, Switzerland -- From top to bottom, here is an A to Z of the best and worst of the European Championship through two weeks of action.
Euro 2008: Germany Defeats Austria
The pre-tournament favorites put an end to the co-hosts' hopes in a fixture that is always about more than just football
Euro 2008: the Hosts' Fates Diverge
While the Dutch continue to reinvent 'The Beautiful Game', France's woes continue. And it's mixed fortunes for the tournament's hosts
Justices are well-off, well-traveled
Most of the Supreme Court justices piled up a lot frequent flyer miles in 2007, jetting to such exotic locales as Austria, India and Hawaii, according to financial disclosure reports released Friday.
Cellar Incest Case Shocks Austria
Josef Fritzl has confessed to holding his daughter captive for 24 years and fathering her seven children. How did it happen?
Austria Dad Admits Abuse
A 73-year-old man has confessed to holding his daughter captive in his home cellar for nearly 24 years and fathering seven children by her, Austrian police say
Avalanche buries street in Austria ski area
An avalanche fell on a street in an Alpine town in Austria, close to many ski resorts, covering the roadway in three to four meters of snow, but no one was hurt, Austrian police said Tuesday.
Celebrating with the Christkind
Like a German child's fantasy, Nurnberg's fairy-godmother-like teenage angel stretched out her arms and said, "If you're very, very gentle, you can touch my wings." I stayed seated while little Bavarian preschoolers mobbed the stage to touch their Christkind.
Pope fulfils vow to revisit shrine
Calling himself a "pilgrim among pilgrims" Pope Benedict XVI on Saturday visited the Marian sanctuary of Mariazell southwest of Vienna, fulfilling a promise he made in 2004 -- while still a cardinal -- to return to the shrine on its 850th birthday.
Pope Benedict Stays Lofty in Austria
But he may need to grapple again, and more diplomatically, with world affairs
Visiting pope honors Austrian Jews
Pope Benedict XVI paid solemn tribute to Holocaust victims as he began a three-day pilgrimage to Austria on Friday.
Ex-UN Chief Waldheim Dead at 88
Former U.N. Secretary-General Kurt Waldheim, who was elected Austrian president despite an international scandal about his secretive World War II Nazi connections, died Thursday
Global child-porn ring uncovered
Austrian police have uncovered a massive child-pornography ring on the Internet, tracking downloads of sexually violent material to more than 2,300 people in 77 countries, a government official said.
'This is our Mona Lisa'
At about midnight last July 5, the New York Police Department closed Manhattan's East 86th Street. Billionaire Ronald S. Lauder walked back and forth in the street, waiting. Employees of his boutiq...
Hiring expected steady for rest of year
U.S. employers project healthy hiring for the fourth quarter, despite talk of a possible downturn in the economy, according to a survey released Tuesday.
Europe scrambles to stop bird flu
European Union veterinary experts have backed plans to boost surveillance of migratory birds and impose stricter bans on imports as officials desperately tried to find ways to curb the spread of deadly bird flu on the continent.
Austria cable car accident kills 9
At least nine tourists have been killed after a helicopter dropped a concrete block on a cable car in western Austria, according to police.
Supplies arrive in flood-ravaged areas
Helicopters are delivering food and other supplies and lifting hundreds of people to safety in the aftermath of deadly floods in central and southern Europe.
Schwarzenegger: No country more welcoming than the USA
California Gov. Arnold Schwarzenegger, an immigrant, Tuesday night addressed the Republican National Convention where he spoke of the greatness of America. Schwarzenegger, born in Austria, is a former actor and body builder. Here is a transcript of his remarks:
THE WORLD'S HOTTEST SHARES
Is your investing antenna picking up irresistible international signals? It should be. Share prices of a number of corporations in Europe and Asia rose dramatically in the first six months of the y...
Austria: News & Videos about Austria - CNN.com
Find stories, videos, and photos about Austria from CNN.com.
Austria’s Hirscher Wins Slalom Amid Allegations of Cheating
Marcel Hirscher, 22, won a World Cup slalom on home soil Tuesday after being disqualified and fined at the last two slalom competitions for straddling gates.
Downgrade of Debt Ratings Underscores Europe’s Woes
Combined with a snag in talks between Greece and its creditors, the ratings agency Standard & Poor’s action served as a reminder that Europe has found no solution to its debt turmoil.
Depression and Democracy
In Europe, much more than a shared currency hangs in the balance.
S.&P. Warns Euro Zone of Ratings Downgrades
Fifteen euro zone nations had their credit ratings placed on a watch list with “negative implications” on Monday.
ARTSBEAT; 'The Sound of Music' A Favorite in Salzburg
First-ever Salzburg, Austria, production of Rodgers and Hammerstein musical The Sound of Music is greeted with enthusiasm by audiences. Photo (M)0
Austrian Mohamed Mahmoud Returns to Online Jihad
Mohamed Mahmoud, 26, represents the next generation of jihadists — media savvy and well connected with terrorist networks through prison and militant training camps.
Euro Crisis Threatens Banking System
The debt crisis is spilling into countries like Poland that are not in the euro zone but are heavily dependent on Western Europe for capital.
Austria Passes Expansion of Euro Bailout Fund
Despite sustained heckling from far-right legislators that compelled Parliamentary leaders to call a temporary recess, the increase was approved by a 117-to-53 margin.
New Director of Salzburg Festival Plans an Adventurous Course
In October, Alexander Pereira, currently director of the Zurich Opera House, becomes artistic director of the Salzburg Festival.
Requests for Collateral Pose A Hurdle for Greek Bailout
Demands for collateral by several euro zone nations could complicate negotiations on the Greek aid package.
Priests Defy Vatican on Women’s Ordination
Incidents on three continents raise anew the issue of the ordination of women and married men.
Riccardo Muti in His Element With Further Adventures of Figaro
In his final year as artistic director of the Salzburg Festival, the conductor revived Mercadante's opera buffante, an imagined sequel to Mozart's "Marriage of Figaro."
Superstar Among Curators
Adam Szymczyk is something of an art-world rock star. His reputation for being avant-garde in his approach to contemporary art has helped him become a sought-after curator.
‘The Robber,’ Directed by Benjamin Heisenberg - Review
“The Robber,” based on a novel based on the exploits of an actual Austrian bank robber and long-distance runner, is the rare mash-up of genre material and art-house sensibility.
Anna Netrebko's Bel Canto Moment
The Russian soprano scores a personal triumph as Anna Bolena in the Vienna Staatsoper production of the Donizetti opera.
NYT > Austria
World news about Austria, including breaking news and archival articles published in The New York Times.
