bailout

ECB intransigence leaves little alternative to breakup. Europe’s payments-surplus nations are waging financial war against the deficit countries. Without a common union based on mutual support within a mixed economy – one capable of…

Chandler: Many people in the market have concluded that new Greek aid is a done deal. The EU/IMF/ECB concluded their review before the weekend and it is expected to lead to Greece being able to draw down its next tranche of aid under the…

Greece and Ireland appear to have lost an important political ally with the sidelining of Dominique Strauss-Kahn as both plead for more financial assistance from European partners to avoid an early restructuring of debt. The key word is…

The European finance ministers approved an aid package for Portugal. Ireland is still seeking better terms. Although France's effective corporate tax rate is lower than Ireland's, Sarkozy is reportedly refusing to sanction some easier terms…

Each new version of the European debt crisis will spook the bond markets yet again. When you look at the economies of the euro-peripheral countries, it is hard to see how they can dig themselves out without a great deal of pain and serious…

As James Galbraith has argued, the problem is said to be no more serious than some clogged plumbing. A bit of Drano in the form of government handouts and guarantees should be sufficient to get credit flowing again. Nonsense. Private debt…

The narrative has shifted recently with regards to Greece. Greece had been portrayed by many as a small economy one tenth the size of Germany whose debt problems could be solved by throwing EU/IMF money at it. Now, Greece appears to have…

Guest Author Polyvios Petropolous argues that the European Union must put in place the contingency plans for a Greek debt restructuring in secret before the plan is announced and executed. To end bailouts without such a plan in place would…

The following editorial by Timo Soini, the head of the True Finns party in Finland, on perceived corporatism in the EU bailouts of the eurozone periphery appeared in Monday's Wall Street Journal. We are reprinting it here because the…

Dollar stronger on the day for the fourth day in a row. Stories are flying about a possible new Greek aid package, causing choppy currency markets. Swiss CPI well below expectations; Norway CPI above expectations