European Debt Crisis
Want to visit Britain? 'Brexit' sends airfares to U.K. plunging by about 15%, study finds
Airfares from the U.S. to Britain have dropped about 15% since the U.K. voted to pull out of the European Union last month.
But a study by Boston flight research site Hopper.com said fares to other destinations in Europe also have dropped, suggesting that other factors are at play besides the so-called Brexit vote and the resulting drop in the value of the British pound.
The study found that flights from the U.S. to Edinburgh, Scotland; London; and Manchester, England, dropped 7% to 18% in price since the Brexit vote. But flights to Paris, Madrid, Rome and Frankfurt, Germany, comparably dropped 14% to...
Related "European Debt Crisis" Articles
Want to visit Britain? 'Brexit' sends airfares to U.K. plunging by about 15%, study finds
Airfares from the U.S. to Britain have dropped about 15% since the U.K. voted to pull out of the European Union last month.
But a study by Boston flight research site Hopper.com said fares to other destinations in Europe also have dropped, suggesting...
European Central Bank launches sweeping stimulus plan, cuts main interest rates
The European Central Bank cut all its main interest rates, expanded its bond-buying stimulus program and offered new cheap long-term loans to banks, making an unexpectedly aggressive move to boost inflation and economic growth in the 19 countries that...
In Athens, former Olympic venues now play host to refugees
Where lithe young women once competed for Olympic gold in rhythmic gymnastics, young men from Afghanistan now kick a tennis ball around in a game of impromptu soccer.
The venue is the driveway of Galatsi Olympic Hall, one of three 2004 Athens Summer...
Published in Los Angeles Times on November 12, 2015 — Print headline: "In Athens, former Olympic venues play host to refugees - The facilities, equipped with toilets and showers, are run-down but better than parks"
Today: The Pope on Tour. A Man and His Horse.
I'm Davan Maharaj, editor of the Los Angeles Times. Here are some story lines I don't want you to miss today.
Refugee crisis exposes a deep divide in European Union
Just three years ago, the European Union basked in the glory of a Nobel Peace Prize and boasted of being a tight-knit community bound by “European values” of democracy, diversity and dignity.By its own measure, the 28-nation club is now looking...
In Greece, ex-premier's Syriza party wins election
Despite a spectacular U-turn on austerity, former Prime Minister Alexis Tsipras scored a victory at the polls in Greece on Sunday, with his left-wing Syriza party once again set to capture the most seats in Parliament.But it fell short of a majority in...
As migrants arrive, Germany's embrace of refugees spurs backlash
It seemed a modest proposal, turning part of a sports center in this town of 20,000 people into a temporary shelter for about 130 migrants and refugees.
Someone, however, apparently decided it would be better for none of Nauen's residents to use the...
Stock market suffers worst one-day drop since 2008
U.S. investors haven't seen stocks fall so far and fast in years.Friday's implosion could suggest the end of one of the longest bull markets in history, one marked by low interest rates, confident investors and soaring corporate valuations — despite an...
Greek stock market reopens and promptly plummets
A massive sell-off of stocks in Greece on Monday underscored the uncertainty that still surrounds the Mediterranean nation as its government tries to secure a new international bailout to avoid a disastrous default.
The Athens stock exchange plummeted by...
Key players doubt Greek rescue plan has a chance
Greece's own prime minister says he doesn't really "believe in" the new bailout deal he's hoping to secure for his country.
Germany's top finance official thinks a Greek exit from the euro currency would be better than another costly rescue package.
The...
Rising global debt is increasing the risk of another financial crisis
It's not just Greece, Puerto Rico and China. Debt is piling up around the world — stifling global economic growth and heightening the risk of more defaults and market turmoil.
World leaders are caught in a trap: More debt in the form of government and...
Deal between Greece and its European creditors raises questions
A deal between Greece and its European creditors Monday averted financial collapse and a rapid Greek exit from the Eurozone but raised questions about whether the government in Athens can muster the political support it needs or deliver on its...
Greece's fate uncertain as European officials deadlock on bailout
European finance chiefs deadlocked Saturday over Greece’s request for another big bailout, leaving the nearly bankrupt nation’s fate as a Eurozone member hanging by a thread and highlighting growing divisions among its neighbors over how to deal with...
Greek lawmakers OK new bailout plan, but split signals more upheaval
Greek Prime Minister Alexis Tsipras on Friday persuaded a majority of lawmakers to back his U-turn with European creditors and give his government the authority to negotiate a third bailout even though it would mean more painful cutbacks and higher taxes....
Greece-EU standoff: Echoes of 'Antigone'
The frantic negotiating to resolve Greece's debt crisis before Sunday's deadline is a race that launched a thousand cliches. We're told that the Greeks have embarked on a new odyssey in uncharted waters, that as the EU tightens the screws, Angela Merkel...
Greece offers to implement pension and tax reforms for 3-year bailout
Greece asked its European partners for a new three-year bailout Wednesday as the clock ticked down on a weekend deadline for an agreement to keep the nearly bankrupt nation in the Eurozone.
A letter from the Greek government said Athens was willing to...
Why other bailed-out euro countries may back a third rescue for Greece
Having swallowed the bitter medicine of their own austerity-driven bailout programs, the people of Ireland, Spain, Portugal and Cyprus might be expected to insist that Greece live up to obligations taken on in exchange for the $270 billion it has...
Greece is not alone when it comes to sovereign defaults
When Athens missed a $1.7-billion payment to the International Monetary Fund on June 30, much was made about how Greece had become the first developed nation to default on an IMF loan.
Although that is true, the story of country defaults is an old one....
How does the Greek debt crisis impact the United States?
In 2010 and 2012, the Eurozone’s debt problems shook global stock markets and sparked fear of a financial contagion that might derail America’s fragile economic recovery.
Both times the crisis eased, but not before swiping a little bit of confidence...
Now it's up to Greece to deliver a better bailout plan
Greek voters delivered conflicting messages Sunday to the rest of Europe about the country's debt crisis. With 61% voting against the terms creditors had offered to extend Greece's bailout, Greeks said loudly and clearly that they're tired of the...