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Though Greek protestors were dogging him, Greek Prime Minister Papandreou survived a no confidence vote on Tuesday. He had 155 votes in a 300-seat Parliament. which everyone says now means that his government is going to pass the austerity measures… Continue Reading →

Germany is talking out of two side of its mouth. Juncker’s group of European finance ministers met Sunday and Monday and announced that Greece will get its next quarterly installment of money, 12 billion euros, only if the Greek Parliament… Continue Reading →

Mass confusion reigns in Europe’s latest attempt at a balancing act over the Greek debt crisis. On Friday Merkel backed off her insistence on Greek debt restructuring for the greater good of the euro. But still we have a grand… Continue Reading →

Before the ink is dry on the agreement about the Greek bailout, Germany faces a new challenge to its fiscal union with the rest of Europe. In a Saturday, June 18, 2011 article in the Wall Street Journal, “Moody’s Warns… Continue Reading →

Merkel engaged in an act of statesmanship on Friday when she decided that she would set aside objections on the part of German voters and try to preserve the euro as the currency for all of Europe. She would back… Continue Reading →

Merkel caved today, agreeing to go along with the European Central Bank’s “gentlemen’s agreement” instead of insisting on restructuring of the Greek debt. But she did so not after listening to the Greek Prime Minister’s eloquent speech. He said, “We… Continue Reading →

Germany stands firm. Shock waves ripple through Europe. The Greek government is about ready to fall. Greek Prime Minister Papandreou has agreed to resign if the other side agrees to adopt an austerity measure. They didn’t take him up on… Continue Reading →

Germany holds all the cards when it comes to the Greek debt crisis and the expansion of the euro to the Balkan country, Greece. And they are not saying what Merkel will do when she goes to the summit meeting… Continue Reading →

Germany’s dream of expanding its euro empire took a new hit on Monday. In the Wall Street Journal article, “Greek Debt Hits New Low Monday”, we learn that Standard & Poors cut Greece’s debt rating by 3 notches. It was… Continue Reading →

Germany’s dream of expanding its euro empire took a new hit on Monday. In the Wall Street Journal article, “Greek Debt Hits New Low Monday”, we learn that Standard & Poors cut Greece’s debt rating by 3 notches. It was… Continue Reading →