(via AFP) Senior US Treasury Department official Lael Brainard held talks with Greece’s interim finance minister on Tuesday as Washington took a more hands-on approach…
(via AFP) Tokyo said on Tuesday it will start direct currency trading with China for the first time, scrapping the dollar as an intermediary unit…
(via AFP) Prime Minister David Cameron will meet the head of the central bank and the head of Britain’s financial watchdog on Monday to discuss…
AFPSpanish Economy Still StrugglesWall Street JournalBy JONATHAN HOUSE And JEFFREY T. LEWIS MADRID—Spain's gross domestic product continued to shrink in the second quarter, Finance Minister Luis de Guindos said Monday, yet more bad news for the c…
The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!
By William K. Black A remarkable, and terrible, thing has just taken place in the Netherlands of which few Americans are aware. The ruling Dutch political coalition collapsed when the ultra-right wing party (the Freedom Party, led by Geert Wilders) … Continue reading →
The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!
Wow! The Department of Justice took an extraordinary step yesterday. It indicted Swiss private bank, Bank Wegelin, for aiding and abetting in US income tax fraud. This is a big deal.
I’ll try to keep this fascinating story brief.
Bank Wege…
Switzerland is vote crazy. It has a referendum on most issues. There is a vote coming up that I’m sure will pass. This time around, the Swiss are going to vote themselves a big salary increase. As a result, Switzerland will have the highest minimum w…
The Associated Press October 18, 2011, 7:41AM ET text size: TT
France warns on growth as Moody’s starts probe
By ANGELA CHARLTON
France’s economic growth next year may be lower than estimated, the finance minister warned Tuesday, after a leading agenc…
October 19, 2011
Spanish Debt Downgrade Points to Uncertainty Over Euro Crisis
By RAPHAEL MINDER
MADRID — Moody’s Investors Service raised the pressure on Spain late Tuesday when the credit rating agency downgraded the country’s long-term sovere…
The proper diagnosis
Profligacy is not the problem
Solving the euro-zone mess means understanding the nature of its ills. And by insisting it is just about budget deficits, too many Europeans show they don’t
Sep 17th 2011 | from the print edition
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