Germany

The fall in the euro is not completely accidental. Indeed, many in the Eurozone see the decline as an opportunity instead of a sign of weakness. Nevertheless, it is not clear to me that the Greeks or the Spaniards will gain from the decline…

Highlights Euro weakness persevered into the European session, with Germany’s naked short-selling ban announcement still in the limelight (see below). The euro has broken through the $1.22 mark, down to a low $1.2144 in Asia -  a…

Just when you thought the EU had things under control with their $1 trillion shock and awe rescue package, the first signs of doubt appear.  The doubting Thomas is none other than Swiss-born Deutsche Bank head Josef Ackermann who…

A bit of gallows humour for my German-speaking readers. (Hat tip Yves Q. Smith) Source Die Eurohühner - Föhrenbergkreis Finanzwirtschaft

I was reading an interview in Handelsblatt with the EU's Olli Rehn and I found this exchange telling: Handelsblatt: Mr. Commissioner, with yesterday's decision is an EU-debt agency created which issues Euro Bonds? Olli Rehn: I will…

This is the third in a series of posts on the origins of the Euro crisis. "The roots of the European sovereign debt crisis go back thirty years" and "How Belgian debt, Italian anarchy and Greek profligacy lead to economic…

Last week I was on RTTV's CrossTalk talking about the Goldman Sachs Senate hearings with two other guests. This week, on the latest edition of CrossTalk, Peter Lavelle asks his guests who is being bailed out: Greece or the bankers. The…

I am going to describe the beginnings of the Euro from a German point of view. I apologize if this post seems unduly harsh. It is meant to give you a more caricaturised view of the breakdown in the euro-zone which dominates the German…

I am at a conference all day and will probably do a spot on BNN late this afternoon, so blogging will be limited. But I wanted to alert you to my thinking on some of the latest developments on Greece. Apparently, Germany is now planning to…

The following is a guest post by Polyvios Petropoulos, a former university professor of economics and management in the US. Petropoulos contends that, since the IMF charges a maximum rate of 3.5% in other interventions, one would expect…