Germany’s Mercantilism Proves Burdensome to Southern Europe
While the current financial crisis seem to be worsening in Europe, it is interesting to note that the economic issues the eurozone is facing bear striking resemblance to a much older European tradition.
Talk of Greek Euro Exit Grows as Political Deadlock Continues
More than a week after elections brought anti-austerity parties to the fore, the task of brokering a compromise is in the hands of President Papoulias, who thus far has been as unsuccessful as the party leaders themselves.
Osborne Challenges Bank Capital Rules
In the wake of a failure to reach agreement on proposed bank capital rules at a meeting of E.U. finance ministers that ended early Thursday morning, George Osborne, the British chancellor of the Exchecquer, was outspoken in his criticism of other ministers’ efforts to reach agreement.
E.U. Could Trim Bank Bonuses
E.U. banks could soon find themselves regarded in much the same way as power or water companies: entities that keep society functioning but pretty much stay in the background.
Is the Latest Greek Bailout Just Delaying the Inevitable?
The latest Greek bailout is just a bandage for its ever-increasing debt.