Merkel caved today, agreeing to go along with the European Central Bank’s “gentlemen’s agreement” instead of insisting on restructuring of the Greek debt. But she did so not after listening to the Greek Prime Minister’s eloquent speech. He said, “We… Continue Reading →

Germany stands firm. Shock waves ripple through Europe. The Greek government is about ready to fall. Greek Prime Minister Papandreou has agreed to resign if the other side agrees to adopt an austerity measure. They didn’t take him up on… Continue Reading →

Germany holds all the cards when it comes to the Greek debt crisis and the expansion of the euro to the Balkan country, Greece. And they are not saying what Merkel will do when she goes to the summit meeting… Continue Reading →

Germany’s dream of expanding its euro empire took a new hit on Monday. In the Wall Street Journal article, “Greek Debt Hits New Low Monday”, we learn that Standard & Poors cut Greece’s debt rating by 3 notches. It was… Continue Reading →

Germany’s dream of expanding its euro empire took a new hit on Monday. In the Wall Street Journal article, “Greek Debt Hits New Low Monday”, we learn that Standard & Poors cut Greece’s debt rating by 3 notches. It was… Continue Reading →

Whoever said we are now all national socialists knew what he was talking about. No, I don’t mean the political philosophy of dictatorship. But I do mean the economics of a crade to grave socialist state. According to a Monday,… Continue Reading →

In an article from the Wall Street Journal on Saturday, June 11, “Gates Questions NATO’s Future”, Gates makes a speech in Brussels decrying that the U. S. provides 75% of the funding for NATO. The Europeans don’t shoulder their part… Continue Reading →

World War I images The Western Front has a new war, the one between German’s Finance Minister, Wolfgang Schauble, and the Head of the European Central Bank, Jean-Claude Trichet and his minions, which includes a German by the name of… Continue Reading →

German taxpayers must pay the price of their new economic empire. Jean-Claude Trichet has spoken, and he’s the President of the European Central Bank. He says there will be “no credit event” and “no selective default” that would spread from… Continue Reading →

Despite the recent resolve to give Greece the rest of the aid package for this year, there’s always the concern about the next aid package. The battle has shifted to the future, and the shape of the battle is already… Continue Reading →