This is the week when everybody says everything is at stake. December 9 is billed as the date that makes or breaks the Euro Zone. It’s roiling the world’s economic markets. But according to Der Spiegel the Germans feel good…. Continue Reading →

_ Wolfgang Schauble wants 20% of the debt for each member country of the Euro Zone to be put in a redemption fund to be paid off over 20 years. Every country needs to strive for a debt at 60%… Continue Reading →

_ Merkel and Sarkozy want treaty changes with a majority vote in the Euro Zone to carry the day, not a unanimous vote which has been required until now. Certain smaller countries express doubts, but do they really have any… Continue Reading →

Unemployment is at a 2 decade low of 5.5% in Germany. It’s only 4.1% in Austria. The jobless rate across the Euro Zone reached a record high of 10.3% with the highest rate of unemployment being 22.8% in Spain. This… Continue Reading →

_ Not only is the U.S. holding free trade talks with the EU, it has signed a secure trade pact with Europe. It doesn’t act as if it expects the Euro Zone to dissolve tomorrow. To prove that point today,… Continue Reading →

_ In 1940 National Socialist economists wanted to join Europe together into one giant economy. It was an ideal that was of course never realized. Hitler never moved on it. During the summer of 1940 he was totally preoccupied by… Continue Reading →

Wolfgang Schauble of the German Finance Ministry said, “We are working intensively for the creation of a Stability Union. That is what we want to secure through treaty changes, in which we propose that the budgets of member states must… Continue Reading →

_ If you were a Martian you might think that the narration I’m reading in The Duel about the summer of 1940 is taking place right now in 2011 in the EU. Germany is lawing down the law for the… Continue Reading →

_ Germany will not bend on the issues being debated within the EU. They will not permit ECB intervention or printing money that brings back bad memories of the hyper-inflation of the 1920’s. Nor do they approve of Eurobonds which… Continue Reading →

_ There’s been a media campaign by the German tabloid, Bild, portraying the Greeks as lazy and irresponsible. 76% of the German taxpayers are opposed to Eurobonds. Only 15% favor them. The interest rates on German bunds would go up… Continue Reading →