Paul Krugman weighs in on the latest round of insane German/Euro demands on beleaguered Greece: Eurogroup list of demands is madness. The trending hashtag ThisIsACoup is exactly right. This goes beyond harsh into pure vindictiveness, complete destruction of national ...read more
Over the weekend, the Greek people voted overwhelmingly to reject austerity and have effectively defaulted on their debt to the European Central Bank (ECB) and the International Monetary Fund (IMF). Under overwhelming pressure from German leader Angela Merkal and the Eurozone, ...read more
As the future of Greece hangs in the balance over its debt obligations, the powerhouse German economy continues to surge. While Germans are going shopping, Greeks are raiding forests to find wood to heat their homes. The dichotomy isn't exactly unique - there are rich ...read more
The Daily Banter Headline Grab. From Reuters: MADRID (Reuters) - Protesters clashed with police in Spain's capital on Tuesday as the government prepared a new round of unpopular austerity measures for the 2013 budget to be announced on Thursday. Thousands gathered in Neptune ...read more
The Bank of England's executive director has raised the prospect of official intervention against free banking in an effort to clamp down on mis-selling of financial products. Andrew Bailey also highlighted the debate about the speed at which banks are being required to hold ...read more
By Ben Cohen: One of the reason why I enjoy writing about economics is because it is not a topic that came easily to me. I would always ignore the economic and business news and focus on the politics - it was much easier to understand and a lot more fun. That was until I began ...read more
In an astonishing moment of honesty, a Wall St trader told the BBC during an interview about the EuroZone rescue pakcage that he actually 'dreams about another recession'. Stating that it was not his job to care about the economy, Alessio Rastani warned of another giant recession ...read more
