France’s plans for involving the private sector in financing Greek bonds and Greek debt has met with the disapproval of ratings agencies which proclaim that they would create a “selective default”. That resurrects Germany’s original plan for involving the private… Continue Reading →

Germany’s next Olympics and its Olympic vision of itself and the image it wants to project to the world will not be on display during the Winter Olympics of 2018. Today they came in second and lost the bid to… Continue Reading →

Germany wants to involve private investors in the Greek bailout plan. They say they support the French plan to rollover 30 billion euros into the new Greek bonds so the countries involved and the IMF would have to pay less…. Continue Reading →

In an article in the Wall Street Journal for Saturday, July 2, 2011, “Euorpe’s Central Bank Faces Credibility Test”, the ECB said it would never buy back bonds involving sovereign debt. Then it reversed itself and affected its credibility. Now… Continue Reading →

In an article on Saturday, July 2, 2011, “Russia To Deploy Troops To Defend Interest In Arctic”, the Wall Street Journal discusses how two army brigades are being sent to the north to defend Russia’s interest in its arctic resources…. Continue Reading →

The next step in the Greek debt crisis is naturally — you said it! — delay and procrastination. Now that Europe has sneaked past the Greek austerity vote, they think they’ll go on vacation and put their feet up until… Continue Reading →

Deutsche Bank Chairman Josef Auckerman spoke for all the private banks in Germany concerned with Greek debt when he said, “Banks need to cooperate with European governments to achieve a quantifiable, sustainable solution to Greece’s persistent debt crisis.” One wonders… Continue Reading →

Everybody knows that the Greek Parliament approved the 5-year austerity plan despite protests outside the Parliament building. But observers think that the Greek crisis will erupt again by the latest in September when Greece must meet certain targets to get… Continue Reading →

It doesn’t matter that the Greeks have passed the austerity measures amidst protests outside Parliament. German banks are objecting to a French proposal about the next EU loan to Greece because it is not 100% default-free. They remind the French… Continue Reading →

The Germans will do anything before they will let the Greeks default — except back their loans, which is probably the only thing that will work. The leaders of Germany and the EU know this and thus they are trying… Continue Reading →