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 ...

Furious Greeks Press for Country to Default on Debt

Violence on the streets as backlash grows over Greece’s austerity package and €110bn bailout A growing chorus of voices is urging the Greek government to restructure its debt as fears ...

US Going Same Route as Greece, Portugal

The US is going down a similar road as that taken by Greece and Portugal with regard to its budget decisions, John E. Silvia, chief economist at Wells Fargo, said ...

How Long Will the Eurozone Agreement Hold?

On Saturday, process won out over substance in the reaction to the agreement by leaders of the eurozone on measures to combat the European debt crisis. Since there was so ...