Germany said it was reinstating border controls on Sunday as Europe's top economy admitted it was stretched to the limit trying to cope with a record influx of refugees. Also on Sunday, Germany's rail service halted train services with Austria for 12 hours. The announcements came as tragedy struck again off the coast of Greece, with 34 more migrants -- among them babies and children -- drowning when their overcrowded wooden boat capsized in high winds.
BRUSSELS, Belgium – Greece and its EU-IMF creditors failed to break the deadlock in emergency talks on Thursday to reach a bailout deal, raising fresh fears of a default by Athens that could send it crashing out of the euro.
The euro has already fallen to a 12-year low of $1.06, and should keep falling for at least another year. In fact, it shouldn't be long until the dollar is worth more.
In its toughest move yet to eradicate illegal fishing, the European Union on Monday blacklisted Belize, effectively banning the country's products from the world's most valuable seafood market.
The European Union plans to offer Latin America 2.5 billion euros ($3.4 billion) in development aid over the next seven years to fund projects ranging from security to education.
The international crisis over Ukraine escalated sharply Monday as the United States and Europe imposed sanctions on senior Russian political and military figures, and Russian President Vladimir Putin signed a decree recognizing the Ukrainian region of Crimea as an independent state.
