JUNE 17, 2011 The longer banks hold rotten paper, the likelier a second financial crisis becomes. By John H. Cochrane And Anil Kashyap Greek debt is in trouble—again. After a month of dickering, it seems likely that the International Monetary Fund and the European Union will agree to roll over Greece’s debt so bondholders will […]
EUROPE’S GREEK STRESS TEST Read More »
INVESTORS’ BUSINESS DAILY June 9, 2011 Europe Is Warning Us By Victor Davis Hanson ROME — If Americans think fuel and food prices are high, they should try Europe, where both can nearly double those in the United States — while salaries here are often lower. Italians, like most now-broke Southern European countries, are desperate
EUROPE IS WARNING US – VICTOR DAVIS HANSON Read More »
JUNE 6, 2011 By JOHN W. MILLER Getty ImagesLi Shufu, chairman of China’s Geely, which bought Volvo cars from Ford, seen at Tiananmen Square in March. EXCERPT FROM THIS ARTICLE: Experts are predicting a surge of overseas takeovers by Chinese companies over the next decade. A five-year plan Beijing approved in March calls for establishing
CHINESE COMPANIES EMBARK ON SHOPPING SPREE IN EUROPE Read More »
MAY 28, 2011 The Gates Farewell Warning America can be a superpower or a welfare state, but not both. Robert Gates, who steps down next month after four-plus years at the Pentagon, is making his retirement lap a tutorial on America’s defense spending and security needs. His message is welcome, especially on Memorial Day, and
GATES WARNS AGAINST DEFENSE SPENDING CUTS Read More »
MAY 20, 2011 As Socialists Risk Losing Key Areas, Economists Fear ‘Hidden’ Bills By JONATHAN HOUSE And SARA SCHAEFER MUñOZ ReutersDemonstrators fill up Madrid’s famous Puerta del Sol in a protest against authorities’ handling of the economic crisis on Thursday. MADRID—Weekend elections that threaten to drive Spain’s ruling Socialist party from power in several regions
SPAIN VOTE THREATENS TO UNCOVER SPANISH DEBT Read More »
MAY 13, 2011 Screams in Homs but forbearance around the world. Hearty salutations and reassurances from Damascus. After killing more than 600 (and counting) and arresting and injuring thousands more in a seven week crackdown, the Syrian regime wants you to know that it thinks it has the upper hand over protestors. And Bashar Assad
SAVING PRESIDENT ASSAD Read More »
May 11, 2011 By Desmond Lachman The European sovereign debt crisis is now entering a critical phase, which U.S. economic policymakers would be ignoring at their peril. For this crisis has the real potential for delivering the severest of body blows to an already enfeebled European banking system. And if there is one thing that
A EUROPEAN ECONOMIC TSUNAMI Read More »
Published on The Weekly Standard (http://www.weeklystandard.com) Europe’s common foreign policy is dead on arrival. James Kirchick April 18, 2011, Vol. 16, No. 30 Brussels It’s supposed to be the crowning achievement of the decades-long dream that is European integration: Last December, the European Union inaugurated its European External Action Service (EEAS). Intended to implement the
ANOTHER HOPELESS EU BUREAUCRACY Read More »
OPINION APRIL 13, 2011 Athens Descends Into Anarchy The real Greek disease is contempt for the law, and the political failure to combat it. By TAKIS MICHAS Athens Greece’s public debt may reach 150% of GDP this year, an alarming possibility that has captivated outside observers. But in the final analysis, the major issue confronting
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APRIL 8, 2011 France Resurrects Border With Italy By STACY MEICHTRY VENTIMIGLIA, Italy—The migration wave unleashed by North African unrest has prompted France to resurrect its border with Italy—a barrier that was supposedly consigned to history’s dustbin with Europe’s unified economy. France is trying to stem a wave of North African migrants from entering through
FRANCE IS TRYING TO STEM A WAVE OF NORTH AFRICAN MIGRANTS Read More »
