The news is that Merkel is being pushed to accept the idea of eurobonds or at least to accept the idea of the ECB buying bonds of Portugal, Spain, Italy, and Greece. Although she keeps insisting that they must first… Continue Reading →

_ The Germans held a bond auction. It went south. Investors are starting to lose faith in the euro currency all together. But if the euro fails, it will be the biggest failure in the settlements and arrangements made in… Continue Reading →

Bond yields are rising everywhere. It’s like a contagion. It began in Greece, a Balkan land, the kind of place that started World War I. Then it spread to all the pigs: Ireland, Portugal, and Spain. Finally it affected Italy… Continue Reading →

The Germans want to unify Europe into one economic “super state” controlled from Brussels. The officials who make the decisions would not be elected. The British cry foul. They think the Greeks should be able to vote for their leaders… Continue Reading →

The Germans favor a “super state” on the continent controlled from Brussels. The English want a loose confederation of states, perhaps looser than the one now enjoyed by all, perhaps just a trade union. Merkel wants “teeth” to punish errant… Continue Reading →

The U.K. Telelgraph claims that a 6 pp German Foreign Office memo has been leaked that claims Germans should be able to control how other EU countries run their finances. They call it a “Stability Union” that leans toward a… Continue Reading →

The U.K. Telegraph reports that Japanese and other Asians, including the Chinese, are fleeing anything to do with the euro — including Germany. Sweden has lower yields than the bund for the first time in modern history. Everyone is becoming… Continue Reading →

One hundred years after the beginning of World War I in 1914, Europe is still falling apart. Despite two world wars, it is not yet politically or economically unified. It may be the cradle of western civilization, but it is… Continue Reading →

In Europe the sovereign debt crisis is spreading like contagion. It has engulfed not only the pigs — Ireland, Spain, Portugal, and Greece — but has spread to Europe’s third largest economy, Italy. And from there is spread to the… Continue Reading →

During World War I Americans thought of Europe as, “Over there!” in the words of the popular tune. Now Europe seems menacing again, this time with dangerous, explosive economics We’re afraid that “over there” will become “right here”, especially since… Continue Reading →