Money should always be separated from politics. Germany learned this lesson the hard way, and the Allies wanted to make sure for everyone’s sake that history didn’t repeat.
The Grexit, or Greece’s exit from the euro, is becoming more likely, judging by how frequently it is mentioned these days. Unfortunately, preparing for it may be more difficult than many believe. Before addressing that point, I would like to first illustrate the extent of the problem.
June 14, 2011 – The solvency of the European Central Bank is being called into question by some brilliant in-depth research from OpenEurope.org.uk. This independent think tank believes “the EU must now embrace radical reform based on economic liberalisation, a looser and more flexible structure, and greater transparency and accountability” in order for the “EU’sRead more
June 3, 2010 – Icelanders voted in a referendum to address their debt problem. Germans have a problem too, but they are voting with their pocketbook. They are dumping the euro and buying physical gold, the demand for which is soaring in Germany. The problem Germans face is a broken promise. Despite all the rhetoricRead more
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Mainstream media dutifully reported today “US budget deficit ended the fiscal year at $779 billion”. But here’s wha… https://t.co/nH8lum5KGm1 week ago