Tag Eurozone

Eurozone. Germany, Greece play chicken

It may be a holiday weekend in the US but in Europe, the Eurozone is disintegrating. We are watching history unfold as we barbecue  burgers here. Greek Euro exit may exceed 1 trillion euros and would be “unmanageable” The European Central Bank’s…

Eve of Destruction for the Eurozone

Andy Carling, writing in New Europe. Our leaders have, on left and right, pushed for an unregulated financial market, not realizing that if you let a bunch of psychopathic coke fiends loose with everybody’s money, it will end in tears.…

Acropolis Now. Greek debt crisis

From those wild-eyed alarmists at The Economist. The Greek debt crisis is spreading. Europe needs a bolder, broader solution—and quickly. The Eurozone is crumbling as JPM shows huge and growing losses for reckless trading. People get ready, the financial system…