In the article in the Wednesday, May 18 edition of the Wall Street Journal, “Oil Chief Leaves Libya As Regime Is Targeted”, Shokri Ghanem is pictured as fleeing Libya to escape the prosecution of the International Criminal Court — a… Continue Reading →

Nato strikes hit two government buildings in Tripoli, including the Interior Ministry, according to an article in the Wednesday, May 18 edition of the Wall Street Journal, “Oil Chief Leaves Libya As Regime Is Targeted.” Britain claims that a training… Continue Reading →

Dominique Strauss-Kahn was not present at the meeting Yesterday’s meeting in Brussels of European Finance Ministers ended in a paradox, but the discussion must go on because Greece is a Balkan country and Balkan countries can cause disastrous problems. Serbia… Continue Reading →

In the Wall Street Journal article from Saturday, May 14, “Greece to Miss Deficit Goal, Complicating Bailout Plans’, we learn that Greece’s budget deficit will decline only slightly in 2011 and barely at all in 2012, causing Germany a lot… Continue Reading →

Germany’s first quarter growth for 2011 was 6.1% annualized (the U.S. was only 1.8%) according to the Saturday, May 14 article in the Wall Street Journal, “Euro Zone Expands At 2 Speeds”. The growth rate for the EU as a… Continue Reading →

When Montgomery stopped Rommel at El Alamein in November of 1942, Britain had reached its high water mark in military prowess for the twentieth century. It was all downhill from there. Less than three years later Montgomery had to sit… Continue Reading →

Dealing with a recession of the magnitude of the current one, which is the biggest since the Great Depression of the 1930’s, is the first big test of the EU’s power to stay together.A delegation from the EU and the… Continue Reading →

Germany faces a severe challenge to its leadership in the EU over the Greek crisis, but it’s a challenge well worth figuring out. A century ago Germany was hit by a crisis emanating from another Balkan country, Serbia. That led… Continue Reading →

The business party in Germany, the Free Democratic Party, Angela Merkel’s junior coaltion partner, doesn’t like the bailout of Greece. They don’t care about her statement, “The euro is Germany’s destiny.” They want tax cuts for their constituents, according to… Continue Reading →

A spokesman for German Chancellor, Angela Merkel, said, “Greece dropping out of the EU was never being considered in earnest and was not being considered now.” That statement of intent to do whatever it takes to keep Greece and the… Continue Reading →