The Failing European Experiment – A Wakeup Call
The NYT writes Germany, Forced to Buoy Greece, Rues Euro Shift: As Europe edges toward emergency guarantees to stem market panic over one of the most profligate members of the euro bloc, the country...
View ArticleEurope’s Inevitable Plight
Europe vs America The failing and fundamentally flawed project called the European Union continues its slow, yet unstoppable, slide toward mad grandeur, imperialism, tyranny, collectivism, and fiscal...
View ArticleGreece’s “Tough” Concessions
As expected, the Greek bailout package has been finalized and announced. German taxpayers will be footing the biggest portion, about $25 billion, of the $110 billion Euro package. You will hear people...
View ArticleGreek Bailout – Who Is Really Getting Rescued?
As events unravel in Europe, one might want to ask himself why nobody suggested that those who loaned money to Greece simply work out debt settlements on their own, and take responsibility for the...
View ArticleGerman Parliament Approves Bailout for Greece
As a mere formality the German Bundestag has approved the bailout for Greece, and with that yet another aid package for German banks: German lawmakers on Friday approved the country’s share of the...
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Protests in Spain, Italy Heads for Recession, Eurozone Madness Continues
Protests in Spain continue in spite of a recently imposed ban: Tens of thousands of demonstrators across Spain continued sit-ins and other protests against the established political parties on...
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Greek Default Now Seems Inevitable; Watch the Euro
The WSJ writes in Waking Up to Greece’s Default Position : Last week saw real progress in reaching a solution to the Greek, Portuguese and Irish debt crises. It is now recognized that these countries...
View ArticleRiots in Greece
With a formidable yield of over 16 percent on their government bonds, way ahead of such shining beacons of economic stability as Pakistan and Colombia, Greece sure is a good example for how you can...
View ArticleWhy Deficits Are Needed & How Austerity Is Killing Greece
I had another great conversation with with Dylan at Volitional Science Network. We talked about deficits, monetary policy, Weimar Germany, hyperinflation and what all of this means for Greece and the...
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