The meeting of European leaders in Brussels on Thursday was built up as if it were the meeting of the Gods on Mount Olympus. Angela Merkel was cast as Zeus and Hera at the same time. People were expecting great… Continue Reading →
Germany tried to downplay the seriousness of the Greek debt crisis by coming to a late night compromise with France on Wednesday. Than today in Brussels they announced a new bailout of Greece by restructuring its massive debt. They are… Continue Reading →
Maybe because I”m an American I pick it up right away. Jeremy Warner’s article in the UK Telegraph, “Angela Merkel: can she rescue the euro?” sounds so . . . well, British! He sounds like Humphreys talking about the European… Continue Reading →
One hundred years ago Europe was on the eve of World War I, called the Great War. It was the war that was supposed to end all wars forever. As far as we can tell World War II did just… Continue Reading →
The Wall Street Journal wrote an article today, Monday, July 18, 2011, “Seeking A New Haven”, discussing how many investors wanted to know how to invest in German bunds, or bonds, which they were considering along with gold and FDIC… Continue Reading →
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 →
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