When I was a little girl my mother had a book on a shelf in the basement called Germany Will Try It Again. It was written between the wars and published I think in the 1930’s. And Germany indeed did… Continue Reading →

Germany only pretended to go along with France’s idea several weeks ago that there would be a gentlemen’s agreement about the Greek bonds. All along it wanted to involve private bond holders in a solution. Now it is insisting upon… Continue Reading →

Euro Zone finance ministers agree that Greece must reduce its debt burden in order for its debt to be sustainable. In fact they calculate that it must be reduced by half. But the Euro Zone ministers haven’t agreed on what… Continue Reading →

It’s always a Balkan country that does it. In 1914, almost one hundred years ago, it was Serbia. Now in 2011 it’s Greece. Everyone has alliances with each other against each other. Just think of that in economic terms. Banks… Continue Reading →

The biggest banks in Europe are getting ready for a debt crisis that spirals out of control. They fear that one or more countries could leave the Euro Zone. They are even stopping their loans to the pigs, questionable countries… Continue Reading →

We’ve been hearing about Greece for months. On Monday, investors fled Italy’s bonds. /The gap between Italian bonds and German bonds (the European standard, just as the United States is the world stard) leaped by 100 basis points or one… Continue Reading →

The Wall Street Journal published an article on Monday, July 11, 2011, “EU Calls Top Offiicals To Meet On Greece Aid”, to announce that Herman van Rompuy, the EU President, called a meeting of top EU policy makers to discuss… Continue Reading →

If we had another Three Mile Island, I don’t think the United States would turn off all its nuclear reactors. But then we won World War II partly because we were the inventors of the atomic bomb, which came before… Continue Reading →

They ought to turn the Greek Debt Crisis into a Monopoly-style game and sell it. They could give Greece another rollover every time you passed go and got $200.00. The sales might produce enough money to ransom Greece. Now the… Continue Reading →

Jean Claude Trichet signaled what was really going on in the EU when he announced that the interest rates were being raised to 1.5% from 1.25%, the second rate increase this year. This is not political and it’s not showmanship… Continue Reading →