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 →
Franz Ferdinand and Sophie von Chotkovato While Greece continues to not meet the deadlines for cutting its budget deficit, Germany has come up with a plan to hold talks with private creditors to extend the maturity of its bonds —… Continue Reading →
Petra, where Lawrence of Arabia roamed Protests widen in Syria. Revolutions come home to roost in a country that was created in the chaos after World War I, a war whose revolutionary atmosphere is still alive and well in the… Continue Reading →
Thursday Germany agreed not to raise interest rates at the June meeting of the European Central Bank. On Friday Germany attended the meeting in Luxembourg of top finance officials in the EU to discuss loan programs for the “pigs”, especially… Continue Reading →
Germans want to increase interest rates above 1.25% in June the next time the European Central Bank meets, but some concede that they must take into consideration the needs of the “pigs” like Ireland, Greece, Spain, and Portugal. They must… Continue Reading →
In the ashes of World War I and World War II(the last combat veteran of WWI, Claude Stanley Choules, died today in Austrailia at 110), Europe decided to model itself after the victorious United States of America. Each country would… Continue Reading →
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