Euro-Zone Shark Still Has Its Appetite

“A shark has to constantly move forward or it dies. And I think what we got on our hands is a dead shark.” Woody Allen’s description of his failing relationship with Annie Hall is as apt when applied to the

Saving the Euro through scaring Germany

Der Spiegel’s leak should make life easier for Angela Merkel. Then again, it might not. The German weekly magazine has published an internal report from the finance ministry in Berlin claiming that a break up of the euro would lead

Euro-Zone Economic Outlook Remains Weak

The European Central Bank might have to take more action to spur growth in the euro zone after data published Friday suggested that German consumers are beginning to feel the strain of the debt crisis and the ECB’s earlier injections

In Europe, Consumption Gap Widens

The euro-zone’s fiscal crisis has widened the gap between household consumption in those countries pursuing austerity programs and those that aren’t, according to figures from the European Union’s official statistics agency. Within the currency area, households in Greece, Ireland, Portugal

Germany Must Make Greece’s Vote Count

Now that Greek voters have done the right thing, it’s Angela Merkel’s turn to tell the German electorate a few home truths about the euro. Sunday’s narrow victory for pro-bailout parties in Greece offers heartening proof that voters can reject comforting

Spain Back in Cross Hairs

The brief afterglow from Greece’s vote Sunday to try to remain in the euro was quickly extinguished by a cascade of bad news out of Spain that again rattled faith in the currency bloc’s ability to support its most troubled

Greek Voting Past, Europe Returns to Fiscal Rescue

After Greek elections eased fears that the country’s exit from the euro zone was imminent, attention turned Monday to an even bigger challenge: restoring the economic body to health with Greece still in it. A respite from market pressure early Monday proved

Goldman Perfectly Sums Up The Greek Economy In One Paragraph

Goldman Perfectly Sums Up The Greek Economy In One Paragraph Getty The radical Syriza party celebrates after finishing second. Goldman’s Themos Fiotakis and Huw Pill have a note out about the Greek election, and we think this paragraph basically perfectly

Greek Election Leaves Pyrrhic Victory Risk As Aid Talks Near

Greece survived to fail another day, say economists at Royal Bank of Scotland Group Plc and Citigroup Inc. (C) An election result yesterday that defused expectations of an imminent euro exit by Greece left the threat hanging over the global economy and put

How strange is the world!…

How strange is the world!

ND and PASOK are about to form a coalition government in Greece.

In aggregate, 58% of the voters, voted against them.

The coalition, will take place only because the first party is granted a 50 seat extra bonus.

Bo parties, are largely responsible for the current situation of Greece since they have ruled the country for the last 30 years.

Stock exchange markets are up, euro is improving.

All the world, is temporarily happy, while the vast majority of Greeks are not.m

How strange is the world after all.