Tag Archives: European Union

When in Greece…

Posted on July 20, 2011 by Michaela

By THOMAS L. FRIEDMAN Athens Katerina Sokou, 37, a Greek financial journalist at Kathimerini, a daily newspaper, told me this story: A group of German members of the Bavarian Parliament came to Athens shortly after the economic crisis erupted here … Continue reading →

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A Clash of Generations

Posted on July 17, 2011 by Michaela

By Thomas L. Friedman ATHENS I realize that I should be in Washington watching the debt drama there, but I’ve opted instead to be in Greece to observe the off-Broadway version. There are a lot of things about this global … Continue reading →

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A matter of indifference

Posted on July 14, 2011 by Michaela

By Marc Brost – Heike Buchter – Mark Schieritz One can’t even see this crisis, and that’s the dangerous thing about it. Tens of thousands of Germans are on holidays in Italy, relaxing on the beach at Viareggio or strolling through the streets of … Continue reading →

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Cui bono* ?

Posted on July 10, 2011 by Michaela

By Joseph E Stiglitz Just a few years ago, a powerful ideology – the belief in free and unfettered markets – brought the world to the brink of ruin. Even in its hey-day, from the early 1980s until 2007, US-style … Continue reading →

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The ceiling and the abyss

Posted on July 10, 2011 by Michaela

From the Economist GIDEON RACHMAN had a good thumb-sucker in yesterday’s Financial Times arguing that the current political-economic crises in America and Europe are basically two sides of the same crisis. “In Washington they are arguing about a debt ceiling; … Continue reading →

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The indignant

Posted on July 7, 2011 by Michaela

Why Spain’s young people took to the streets in protest at the economic crisis gripping their country.

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Buying Time

Posted on July 3, 2011 by Michaela

By Stephe S. Roach The global economy is in the midst of its second growth scare in less than two years. Get used to it. In a post-crisis world, these are the footprints of a failed recovery. The reason is … Continue reading →

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Black Swan Events

Posted on June 23, 2011 by Michaela

By Nouriel Roubini Despite the series of low-probability, high-impact events that have hit the global economy in 2011, financial markets continued to rise happily until a month or so ago. The year began with rising food, oil, and commodity prices, … Continue reading →

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This is Sparta

Posted on June 21, 2011 by Michaela

Greece is broke. Thats hardly newsworthy, because Greece has been broke since I can remember. Just the fact that Greece is broke and unable to repay it’s debt, by itself is not that much of a problem. It’s a small … Continue reading →

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Whats the purpose of this ?

Posted on June 17, 2011 by Michaela

By RACHEL DONADIO The instability rocking Greece this week is the latest manifestation of a troubling new phase in the global financial crisis: political turmoil is sweeping through Europe, toppling governments and threatening to undermine efforts to rescue the financial … Continue reading →

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