The Greek Crisis Resurfaces

The batch of downgrades on European credit, delivered over the weekend by Standard Poor’s ratings agency, prompted angry threats that Europe would have to create its own ratings agencies to ...

How much longer will the Euro survive?

Few things are as galling as being right too soon. Back in 1970, dissident Soviet historian Andrei Amalrik wrote a book boldly called “Will the Soviet Union Survive Until 1984?” ...

Actual Unemployment Rate Is at ‘Great Depression Levels’

U.S. unemployment rates may officially be hovering around 9 percent but in reality, they’re up near the 20 percent levels around the time of the Great Depression, maybe even higher, ...

Occupy Heading Toward Total Social Decay and Violent Riots

By B Lopiccolo In the past few weeks Americans have watched with interest, bemusement and anger as protests and sit-ins on Wall Street have sparked similar demonstrations around the country. ...

Eurocrats are Terrified of Democracy

Greece’s prime minister George Papandreou is in the doghouse only because he dared to offer voters a choice. Shall I tell you the truly terrifying thing about the EU? It’s ...

Greece Government Nears Total Collapse

ATHENS — The Greek government was plunged into chaos on Tuesday and faced an imminent collapse, as lawmakers rebelled against Prime Minister George Papandreou’s surprise call for a popular referendum ...

EU Hopes for Debt Crisis Deal by Wednesday Despite Problems

Act II of the European Summit is going to take place on Wednesday (Act I concluded on Sunday), when the world will see whether the hints about “progress” in stanching the ...

Germany Gives Up, Now Pushing for Greece to Default

Germany is pushing behind the scenes for a “hard” default in Greece with losses of up to 60pc for banks and pension funds, risking a chain-reaction across southern Europe unless ...

The EU and Greece: A 17 Billion Dollar Throw of the Dice

It has been said that statesmanship consists of choosing the lesser evil. The European Union believes that another bailout of Greece is the lesser evil compared to debt restructuring, giving creditors ...

What Happens When Greece Defaults

(By Andrew Lilico) It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be ...