Angela’s vision

IN THESE times of tribulation for the euro, Germany offers a prophecy. One day, when the euro zone has got beyond the wilderness of austerity and structural reform, it will be rewarded with prosperity. Europe will have worked off its debt and become more competitive. Markets will see that the real problems of the world … Continue reading

Those Revolting Europeans

The French are revolting. The Greeks, too. And it’s about time. Both countries held elections Sunday that were in effect referendums on the current European economic strategy, and in both countries voters turned two thumbs down. It’s far from clear how soon the votes will lead to changes in actual policy, but time is clearly … Continue reading

Greek election: Syriza ‘to tear up EU austerity deal’

The leader of Greece’s left-wing Syriza bloc has said he will try to form a coalition based on tearing up the terms of the EU/IMF bailout deal. Alexis Tsipras, whose bloc came second in Sunday’s vote, said Greek voters had “clearly nullified the loan agreement”. He has three days to reach a coalition deal and … Continue reading

European Doubts Growing over Greece Debt Strategy

‘The Troika’s Policies Have Failed’ For months, European leaders have been trying to find a way out of the Greek debt crisis. But austerity is merely driving the country deeper into economic despair. Is it time for a radical rethink? Many think the answer is yes. By SPIEGEL Staff

Is Germany trying to win World War III?

Germany lost World War 1 and World War II. Wags looking at the Eurozone crisis say Germany is now winning World War III, without any weapons, through sheer economic domination of Europe. Hitler launched World War II demanding a little more lebensraum (living space) in Czechoslovakia and Poland. But Angela Merkel, it is said, has … Continue reading

Merkel has herself to blame if Greece defaults

What will Angela Merkel be doing this morning? Will she be clinging, white-knuckled to her kafe, chasing her Bockwurst round her plate, waiting to hear that the Greeks have passed their austerity budget? If today’s vote in Athens is a vote on Greek bankruptcy and the future of eurozone, it’s because the German Chancellor has … Continue reading