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Jean-Claude Trichet, European Central Bank President, who calls himself a “true European”, gave a speech accepting the Charlemagne Prize for European Unity. He proposed a “deeper intervention” in the economies of struggling countries such as Greece and praised the idea… Continue Reading →

Greek Protests Turn Violent The German taxpayers don’t want to be left holding the bag. The Greeks don’t want to lose their coveted government jobs in a country totally dependent upon them. The IMF wants assurances that Greece can make… Continue Reading →

Germany agreed to an uneasy political compromise today, pushing off dealing with the Greek debt until at least July, if not later this summer. That way it does not have to deal with the future of its ideas of an… Continue Reading →

Adolf Hitler with Blondi Most Americans think of Adolf Hitler, the Chancellor of Germany during the Third Reich, as a mad carpet-eater. They watch the black-and-white newsreels of his speeches and imagine the German dictator flailing his arms about and… Continue Reading →

Jean-Claude Trichet, President of the European Central Bank Germany and the European Central Bank are holding back on an interest rate increase for one month. Instead of raising the rate in June, they will raise it in July. That is… Continue Reading →

Lusitania Reuters reported on Monday, May 9, 2011 that the famous Cunard ocean liner was carrying stowaways in an article entitled, “Queen Mary II Luxury Liner Used In Alleged Smuggling Case” — reminding the reader that almost one hundred years… Continue Reading →

Adolf Hitler may have been a National Socialist Dictator, but even he did everything he could to get the Germany economy ticking again in the 1930’s. Without respect for the means of production, he wouldn’t have been able to produce… Continue Reading →

Jean-Claude Juncker Luxembourg’s Jean-Claude Juncker said on Thursday that the bailout program for Greece may be doomed. Thus Germany can count the days until June 29, when the next bailout money was to be released to Greece. These days may… Continue Reading →

Wolfgang Schauble, German Finance Minister The euro can’t make the progress against the dollar that it was making one month ago. It’s held down by the Greek debt and the threat of restructuring. And so are Germany’s ambitions for a… Continue Reading →

Angela Merkel, Chancellor of Germany Since Bismarck in the nineteenth century Germany has been engaged in all sorts of empire building, mostly failed experiments. But this time when they thought they had hit upon the winning formula, a loose currency… Continue Reading →