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What looked like a Euro Zone debt problem could have devastating effects worldwide just as the cataclysm of World War I did almost one hundred years ago and World War II did one generation after that. The Greek debt crisis… Continue Reading →

Germany wants to extend its economic reach through the euro and compete directly with the United States, but Germany has run into the roadblock that it cannot control Greece’s internal politics. In the Monday, May 23 article in the Wall… Continue Reading →

Could this be the beginning of the meltdown of Germany’s great postwar experiment, the euro, as the universal European currency to give Germany economic muscle more heft? On Friday the euro sank to $1.4157 against the dollar, down from $1.4311… Continue Reading →

It looks more and more likely that The Spanish government will fall, causing a radically unstable situation for Germany and the EU. In an article in the Saturday, May 21 edition of the Wall Street Journal, “Spanish Prime Minister Calls… Continue Reading →

Franco Germany thought that Spain alone of all the “pigs” would be able to escape a bailout, but recent reports from the Catalonia region make it sound as if Spain might be more of a problem than Greece to Germany’s… Continue Reading →

In the article in the Wednesday, May 18 edition of the Wall Street Journal, “Oil Chief Leaves Libya As Regime Is Targeted”, Shokri Ghanem is pictured as fleeing Libya to escape the prosecution of the International Criminal Court — a… Continue Reading →

Nato strikes hit two government buildings in Tripoli, including the Interior Ministry, according to an article in the Wednesday, May 18 edition of the Wall Street Journal, “Oil Chief Leaves Libya As Regime Is Targeted.” Britain claims that a training… Continue Reading →

Dominique Strauss-Kahn was not present at the meeting Yesterday’s meeting in Brussels of European Finance Ministers ended in a paradox, but the discussion must go on because Greece is a Balkan country and Balkan countries can cause disastrous problems. Serbia… Continue Reading →

In the Wall Street Journal article from Saturday, May 14, “Greece to Miss Deficit Goal, Complicating Bailout Plans’, we learn that Greece’s budget deficit will decline only slightly in 2011 and barely at all in 2012, causing Germany a lot… Continue Reading →

Germany’s first quarter growth for 2011 was 6.1% annualized (the U.S. was only 1.8%) according to the Saturday, May 14 article in the Wall Street Journal, “Euro Zone Expands At 2 Speeds”. The growth rate for the EU as a… Continue Reading →