It can’t be true. The real view of the Greek austerity program

My personal comment, before viewing the photos below:  The austerity plan must be so tough so nobody else to ask for it (merkel). Greece should stick to the plan and reforms as dictated by the austerity plan (laggarde). Greeks are

Greece is playing with the football dream team tonight

ECB Moves to Ease Collateral Rules for Banks

  The European Central Bank Friday said it had decided to widen the range of securities that it accepts from euro zone banks in exchange for its loans, with the aim of helping boost lending to firms and households. The

Business Activity Contracts Sharply in the Euro Zone

European Pressphoto Agency German manufacturing data suggest further economic woes. Volkswagen workers, above, assembled a vehicle at a Hannover plant in March. Business activity in the euro zone contracted sharply in June, a closely watched survey showed, underscoring the currency

Clouds Gather Over German Economy

Signs are growing that Germany’s economy will soon take a hit from the euro-zone debt crisis, an Ifo economist said Friday, after the Munich-based institute’s business confidence index fell to an over two-year low. “Until now Germany came quite good

RICHARD KOO: The Entire Crisis In Europe Started With A Big ECB Bailout Of Germany

Great note from Nomura’s Richard Koo, looking at the so-called “competitiveness problem” of the Southern European nations. Rather than some inherent problem found there, Koo says that what happened is that after the 2000 tech bubble collapsed (a bubble which

NIALL FERGUSON: The Fate Of Europe Is Riding On ‘The Psychological State Of One German Woman’

  JERUSALEM, ISRAEL–Last week, Harvard professor Niall Ferguson argued that volatility induced by the Greek elections could cause a “Lehman moment” in Europe, a wave of bank runs that could lead to either the collapse or resurrection of the European Monetary Union. While

What NOT To Expect From The European Meetings This Week

  World Economic Forum on flickr   The Euro group of finance ministers meet Thursday and Friday there is a heads of state meeting for Germany, France, Italy and Spain. These meetings should be understood as preparing and positioning for

MONTI: We Have A Week To Save The Eurozone

  MONTI: We Have A Week To Save The Eurozone   Getty / Brendan Hoffman Italy’s prime minister, Mario Monti, has warned of the apocalyptic consequences of failure at next week’s summit of EU leaders, outlining a potential death spiral