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Tag Archives: european union
Athens vs. Brussels: Greece Inches Closer to Renewal of Debt Crisis
Athens vs. Brussels: Greece Inches Closer to Renewal of Debt Crisis The new government in Athens is intent on forcing Europe to change its approach to Greek debt — thus far in vain. A confrontation is brewing, and both sides stand to lose. After new Greek Finance Minister Giannis Varoufakis had been repeatedly rebuffed on his […]
Keeping Greece in the eurozone is worth the pain: Don Pittis
Keeping Greece in the eurozone is worth the pain: Don Pittis To misquote Mao Zedong, creating a single currency is not a tea party. Despite former U.S. central banker Alan Greenspan’s disparaging comments about the future of the euro, Americans had far worse problems creating a single currency. The question facing the Europeans as they hammer […]
Athens vs. Brussels: Greece Inches Closer to Renewal of Debt Crisis
Athens vs. Brussels: Greece Inches Closer to Renewal of Debt Crisis After new Greek Finance Minister Giannis Varoufakis had been repeatedly rebuffed on his introductory tour of European capitals, he opted for flattery and solicitation during his visit to Berlin last week. German Finance Minister Wolfgang Schäuble, Varoufakis said, had been an object of his admiration […]
EU Energy Union May Be Biting Off More Than It Can Chew
EU Energy Union May Be Biting Off More Than It Can Chew With oil and gas still flooding the scene it’s a buyer’s market. For some however, picking isn’t easy. For the European Union specifically, an abundance of choice comes with its own set of logistical and geopolitical problems. February 4 marked the launch of the EU’s […]
The Euro’s Exponential Decay
The Euro’s Exponential Decay I don’t know about you, but I’m having a ball reading up on the preparations for the Wednesday/Thursday talks between Greece and .. well, everybody else. German FinMin Schäuble proudly declares that it’s do what I tell you or you’re finished, Greek FinMin Varoufakis says prepare for a clash. Greek advisors […]
Is Peace or War at Hand?
Is Peace or War at Hand? King World News illustrates this article with photos. If you enjoy visuals, go here:http://kingworldnews.com/paul-craig-roberts-world-now-cusp-total-war/ At this time we do not know the outcome of the meeting in Moscow between Merkel, Hollande, and Putin. The meeting with Putin was initiated by Merkel and Hollande, because they are disturbed by the […]
Europe’s Greek Showdown: The Sum Of All Statist Errors
Europe’s Greek Showdown: The Sum Of All Statist Errors The politicians of Europe are plunging into a form of ideological fratricide as they battle over Greece. And “fratricide” is precisely the right descriptor because in this battle there are no white hats or black hits—-just statists. Accordingly, all the combatants—the German, Greek and other national politicians and the apparatchiks […]
Behind The Global – Game Of – Thrones
Behind The Global – Game Of – Thrones Greek PM Alexis Tsipras yesterday laid out Syriza’s stance, and from what I saw he didn’t pull even one punch. Despite all the suggestions from the financial press throughout the past week that Tsipras and Varoufakis reneged on campaign promises to seek debt write-downs, they didn’t, and […]
Europe, US Risk Off After Greece Rejects European Ultimatum, Ukraine Peace Talks Falter
Europe, US Risk Off After Greece Rejects European Ultimatum, Ukraine Peace Talks Falter In the absence of any notable developments overnight, the market remains focused on the rapidly moving situation in Greece, which as detailed over the weekend, responded to Europe’s Friday ultimatum very vocally and belligerently, crushing any speculation that Syriza would back down or compromise, […]
Crunch Time as Greece’s Terrible Deadlines Loom
Crunch Time as Greece’s Terrible Deadlines Loom Since the election of Syriza, the pressure on Greece has been cranked up to almost unbearable levels. The first shot across the bow came from the European Central Bank’s Master of Ceremonies, Mario Draghi, who warned that if Greece didn’t start behaving itself (i.e. stop all this silly […]
UK Begins Preparations For Grexit
UK Begins Preparations For Grexit As recently as two years ago, even the merest hint that any entity was preparing for what then was unthinkable, namely the Greek exit from the Eurozone, was enough to get one burned at the stake. After all, recall what happened when none other than the head of the ECB lied on the record to […]
Europe Fractures: France Pivots To Putin, Cyprus Offers Moscow Military Base, Germany-US Splinter On Ukraine
Europe Fractures: France Pivots To Putin, Cyprus Offers Moscow Military Base, Germany-US Splinter On Ukraine Following yesterday’s summary of the utter farce that the Minsk Summit/Ukraine “peace” deal talks have become, the various parties involved appear to be fracturing even faster today. The headlines are coming thick and fast but most prescient appears to be: […]
War and Default in Europe Pose Merkel’s Biggest Challenge
War and Default in Europe Pose Merkel’s Biggest Challenge (Bloomberg) — After almost a decade as German chancellor, Angela Merkel faces a moment of truth as a resurgent Russia and fed-up Greeks challenge her blueprint for Europe’s future. As bloodshed in eastern Ukraine escalates and the new Greek government rejects austerity championed by Merkel, her […]
Sarkozy: Crimea cannot be blamed for joining Russia
Sarkozy: Crimea cannot be blamed for joining Russia Crimea cannot be blamed for seceding from Ukraine – a country in turmoil – and choosing to join Russia, said former president of France, Nicolas Sarkozy. He also added that Ukraine “is not destined to join the EU.” READ MORE: French President Hollande calls for broader autonomy […]
Greece: Greenspan predicts exit from euro inevitable
Greece: Greenspan predicts exit from euro inevitable The former head of the US central bank, Alan Greenspan, has predicted that Greece will have to leave the eurozone. He told the BBC he could not see who would be willing to put up more loans to bolster Greece’s struggling economy. Greece wants to re-negotiate its bailout, […]
