Like a star which has expanded and now cannot maintain its grand state, Europe’s extend-and-pretend economy is now poised to experience a supernova implosion. The costs of ill-conceived policies are always paid by someone–usually those with the least political power.…
‘When Christine Lagarde, managing director of the International Monetary Fund (IMF), announced Ukraine’s new, $17.5 billion bailout package Thursday morning (Feb. 12), she suggested it would be a “turning point for Ukraine,” which stands to […]
‘When Christine Lagarde, managing director of the International Monetary Fund (IMF), announced Ukraine’s new, $17.5 billion bailout package Thursday morning (Feb. 12), she suggested it would be a “turning point for Ukraine,” which stands to […]
‘When Christine Lagarde, managing director of the International Monetary Fund (IMF), announced Ukraine’s new, $17.5 billion bailout package Thursday morning (Feb. 12), she suggested it would be a “turning point for Ukraine,” which stands to […]
‘Europe is playing a dangerous game of chicken, Paul Krugman writes in his column Friday. When the European Central Bank announced that it would no longer accept Greek government debt as collateral for loans on […]
‘It is encouraging to see that the majority of voting Greek dares to vote for a change from the relentless misery imposed by the infamous troika – ECB, EC and IMF. The Greek people have […]
‘The results of a new opinion poll indicate that Spain’s anti-austerity party, Podemos, is getting more currency ahead of the 2015 elections. According to the study by the CIS state research institute, the findings of […]
‘Having just written that Greece needs Spartans in order to prevail over its creditors and the EU, the new Greek government is showing signs of being Spartans. Listen to these words from Greece’s new Prime […]
‘Amid ‘turmoiling’ stock markets on Friday, CNBC’s Simon Hobbs summed up the status quo’s thinking on the new Greek leadership when he noted, somewhat angrily and shocked, “The Greeks are not even trying to reassure […]
‘Greece’s newly-elected anti-austerity Finance Minister says his government will no longer cooperate with the troika of international lenders or seek aid extension. Yanis Varoufakis made the announcement on Friday, following a meeting with Eurogroup President […]
‘In a taste of what lies ahead, Yanis Varoufakis, the flamboyant new finance minister, said on his way to the government’s swearing-in ceremony that negotiations would not continue with the hated troika of officials representing […]