Tag Archives: European Union

Democracy in tough times

Interesting development in Greece. The country that went broke and is in need of massive financial help to stay afloat. The Trojka (IWF, ECB and EU) and even the banks bent backwards to make this possible And now MP Papandreou … Continue reading

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Terrified, but bored

By Paul Krugman Is it possible to be both terrified and bored? That’s how I feel about the negotiations now under way over how to respond to Europe’s economic crisis, and I suspect other observers share the sentiment. On one … Continue reading

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Unstoppable ?

From the Economist So grave, so menacing, so unstoppable has the euro crisis become that even rescue talk only fuels ever-rising panic. Investors have sniffed out that Europe’s leaders seem unwilling ever to do enough. Yet unless politicians act fast … Continue reading

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Debt, division & delay

…because we just don’t know what to do….meanwhile the Swiss were close to ban investment banking after UBS lost about 2.3 bio Euros on unauthorised trades.

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Bleeding

By Paul Krugman Doctors used to believe that by draining a patient’s blood they could purge the evil “humors” that were thought to cause disease. In reality, of course, all their bloodletting did was make the patient weaker, and more … Continue reading

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Europe is angry

By Ulrich Beck Germany’s European policy is about to undergo a transformation as significant as Ostpolitik –the country’s improvement of relations with the Soviet bloc — was in the early 1970s. While that policy was characterized by the slogan “change through rapprochement,” … Continue reading

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All together now

By Thomas L. Friedman Hold onto your hats and your wallets. Since the end of the cold war, the global system has been held together to a large degree by four critical ruling bargains. Today all four are coming unstuck … Continue reading

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Perception of instability…

By Jeff Sommer It’s been dizzying. The markets have been swinging madly up and down — mainly down for equities, as anyone in the stock market knows too well. How bad has it been? Despite brief rallies, the Standard & … Continue reading

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Relief or solution ?

By N Kulish and S Erlanger The latest bailout in the Greek rescue has all the elements of what is fast becoming almost commonplace European intrigue. The French president arranges a private summit meeting with the German chancellor. Europe’s top … Continue reading

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Immediate Democracy

By Stathis Gourgouris The historical fact that Athens was the birthplace of democracy has been haunting the crowds assembled for nearly two months in the city’s Syntagma (Constitution) Square, right across from the House of Parliament, protesting undaunted against the government’s … Continue reading

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