US NEWS & WORLD REPORT December 1, 2011 by Rick Newman The bank bailouts in 2008 and 2009 were controversial because wealthy bankers seemed like the last people who needed help. Now, the Federal Reserve and other central banks are rescuing one group held in even lower regard than bankers: politicians. [See 11 dates investors need […]
THE FEDERAL RESERVE, NOW BAILING OUT POLITICIANS Read More »
THE ECONOMIST Unless Germany and the ECB move quickly, the single currency’s collapse is looming Nov 26th 2011 | EVEN as the euro zone hurtles towards a crash, most people are assuming that, in the end, European leaders will do whatever it takes to save the single currency. That is because the consequences of the
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NOVEMBER 26, 2011 New Strains Hit Euro, Global Markets Common Currency Falls After Italy’s Borrowing Costs Soar; Coming Week Poses Key Test of Sentiment By STACY MEICHTRY and JONATHAN CHENG ROME—Uncertainty in financial markets deepened as Italy’s borrowing costs soared to euro-era highs and Prime Minister Mario Monti said European leaders understood an Italian collapse
NOVEMBER 17, 2011 The Germans are richer and more stubborn.The French are flashier and faster on their feet. By WALTER RUSSELL MEAD The European crisis repeats the same pattern endlessly. Bad news sinks markets, ultimately accelerating into a panicky wave of liquidation. European leaders convene, deliberate and emerge with what they say is a “fix.”
THE CULTURE WAR OVER EUROPE’S MONEY Read More »
NOVEMBER 10, 2011 From Greece to Italy to France, the welfare state is in crisis. In the European economic crisis, all roads lead through Rome. The markets have raised the price of financing Italy’s mammoth debt to new highs, and on Tuesday Silvio Berlusconi became the second euro-zone prime minister, after Greece’s George Papandreou, to
EUROPE’S ENTITLEMENT RECKONING Read More »
NOVEMBER 4, 2011 Angela Merkel’s uncertain trumpet in the great euro crisis reflects her country’s history, and a new kind of politics in the West. By JOSEF JOFFE In the European currency war, Germany has the biggest arsenal and the strongest interest in forestalling the collapse of the euro. So why is it playing Hamlet:
WHY GERMANY IS LEADING FROM BEHIND Read More »
NOVEMBER 2, 2011 EU and U.S. debt are interlinked through the banking system. By GERALD P. O’DRISCOLL JR. When is a bailout not a bailout? When the bailor is short of funds. The recently announced debt plan in the European Union comes up short in almost all respects. The debt crisis is not just an
WHY WE CAN’T EXCAPE THE EUROCRISIS Read More »
Published on The Weekly Standard (http://www.weeklystandard.com) The global debt apocalypse approaches. David M. Smick October 31, 2011, Vol. 17, No. 07 On the issue of public debt, Washington is experiencing what psychologists call “learned helplessness.” The financial news is so relentlessly terrible that people have become numb to it and assume nothing can be done
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THE TELEGRAPH The single currency is close to collapse With Europe on the brink of a disaster, the euro must be reconstituted as an entity based on economic reality, not ideological folly. Crisis: the Franco-German partnership which lies at the heart of the European project is fracturing as never before Photo: AFP By Telegraph View 21 Oct
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