- Article Information
- Category: February 2012
- Created on 16 February 2012
Greece has had to bear the brunt of not only economic hardship but also relentless international criticism that the nation has a bloated public sector and an unsustainable social welfare system and is also beset by rampant systematic corruption and tax evasion.
- Article Information
- Category: February 2012
- Created on 10 February 2012
After weeks of agonizing negotiations among Greek government officials, private lenders and other international creditors, the governing coalition in Athens has finally given approval to the latest round of austerity measures in order to receive a second bail-out – in time to meet its deadline for preventing a messy and potentially contagious default on its national debt in March.
- Article Information
- Category: December 2011
- Created on 09 December 2011
The most significant result so far in the crucial euro summit has been British Prime Minister David Cameron’s decision to opt out of a proposed agreement on national budgets that would have involved some forfeit of national sovereignty. The plan is aimed at restoring future credibility to the euro and, although Britain never adopted the euro and is therefore not in the eurozone, the proposal was desigend to cover all EU member states.
- Article Information
- Category: December 2011
- Created on 06 December 2011
The fate of the euro and all it implies seems to be at stake in the EU leaders' summit meeting opening Friday. A successful meeting -- meaning one that advances the agenda to create supranational oversight of member states’ budgets -- will keep alive prospects for a reversal of recent market trends and a revival of credibility for the euro.
- Article Information
- Category: EA November 2011
- Created on 02 December 2011
Why IS the euro so strong against the dollar when bond markets have it on its death bed? 
Since the onset of the crisis in Greece in late 2009, foreign exchange-traders have been forecasting that the euro will sink to dollar parity before becoming extinct. This expectation is considered "common sense" among most Americans, including those watching the euro's fluctuations with a view to their costs for vacations or alimony or investments from dollar accounts.
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