_ The WSJ economists think that Merkel is playing tough, not revealing her hand like a poker player. They predict that in the end she will agree to have the ECB print money. Why the delay? They postulate that she’s… Continue Reading →

I heard two WSJ economists discussing this issue online. At first they talked about how nobody’s convinced by Mario Draghi and the ECB. They said the market has reacted negatively to him. They said that America trades mostly with England,… Continue Reading →

_ All year long no matter what Merkel and Sarkozy did, the markets liked it for a day or two and then went back to their doldrums about the EU bond crisis. In July there was euophoria when they supposedly… Continue Reading →

_ For the first time in 39 years — 1972 — a British Prime Minister has used a veto to block an EU agreement. Camero said he wanted protection for his banking sector. But everyone else thought that banks were… Continue Reading →

_ When it comes to the current EU deal to put fines on countries that violate the rules and to bring offenders before the European Court of Human Rights the U.S.A. seems to be behind Germany. The U.S. wants to… Continue Reading →

_ All EU nations indicated that they might join the intergovernmental agreement about the currency — except Britain. David Cameron adamantly refused. He said he wanted protection for Britain’s financial sector that produced about 10% of the country’s wealth. But… Continue Reading →

_ During the last days of the Third Reich Hitler’s staff loyally followed him because they thought he had a secret weapon. The worse things got, the more likely they thought he was to deploy it. They had only to… Continue Reading →

_ The idea that Germany’s idea of a treaty change for the Euro Zone is not democratic is a political ploy that Britain is trying to mount against Germany in a move that looks like a continuation of the World… Continue Reading →

_ S&P has threatened to downgrade most of the countries in the EU. Some people get quite upset by this. But anybody who knows a little history would see through it. All the major credit rating agencies are Anglo-American. They… Continue Reading →

_ Merkel and Sarkozy hope to push through the treaty changes at the meeting of EU leaders set for Thursday and Friday in Brussels. They claim they would ideally like agreement among all the members of the European Union. But… Continue Reading →