Germany must become responsible for its southern neighbors. Their debts should become its debts. And this largest economy in the 17-member European Union must also allow the bailout fund to become larger or better yet allow the ECB to perform… Continue Reading →

Germany and the European Central Bank conflict over the role of the ECB. Germamy claims that the ECB is a currency union supervisor and referee. It’s role is to control interest rates and deal with other currency problems. It’s not… Continue Reading →

What does it mean to be German? It wasn’t just Hitler who was hung up about such a question. The current German government is spending money to decide it. 4 million euros have been given to 5 leading universities in… Continue Reading →

It’s no wonder that the recent financial crisis started in Greece, moved to Spain and Italy, and now threatens to engulf America as well. Riots of taxi cab drivers in Greece are broadcast everywhere. It was thus in 1916 when… Continue Reading →

The youth of today’s south Europe has become restive. Spain has 45.7% unemployment. Greece has 38.5%. Both countries have been wracked by riots this year in protest of the austerity measures that the EU is trying to enforce. By contrast… Continue Reading →

In the Wall Street Journal article of Monday, August 1, 2011, “Europe’s Big Oil Sees Output Fall”, it’s easy to think of World War II. Oil was the name of the game then, too. Few people realize how important it… Continue Reading →

No one in Europe would think of World War II as an enormous stimulus project. Only certain Americans would think of it that way. The current Administration is putting out statements claiming that without the stimulus of World War II,… Continue Reading →

Wolfgang Schauble has a new challenge on his plate. Italy and Spain may not be able to participate in the next bailout payment to Greece in September, the one due under the first bailout plan that was agreed upon in… Continue Reading →

In the nineteenth century the Germans weren’t unified until the end of the century. They came from states such as Prussia, Hanover, and Bavaria. In those days when they moved from one place to the other naturally they had to… Continue Reading →

With all the friendly summits lately, with Angela Merkel being called the “yes frau” instead of the “no frau”, we haven’t seen much of him in recent days. But now Germany’s stern Finance Minister is again making his appearance. Wolfgang… Continue Reading →