Summary: Germany used it power over the European Monetary Union to institute a monetary policy that disproportionately benefited itself, to the disadvantage of the periphery nations. Germany prospered, they lost competitiveness. Now Germany acts to continue the game, attempting to force the losers to stay in the game. Now it's Greece's turn to go under the hammer. Will … Continue reading Hot news! The wehrmacht failed to take Greece. Now Germany tries again, with a different method.
Summary: There are two paths for Europe. The path it is on, leading to a painful future and fundamental change. And the other path, with unknown risks and pain -- but offering the potential for a better future. The path chosen by Europe's leaders reveals much about them. The outcome will reveal much about Europe's peoples. Two … Continue reading Are Europe’s rulers copying the policies of Herbert Hoover in 1929, or the French Monarchy in 1789?
Summary: The slow fire in Europe slowly moves to a conclusion. From America we cannot foresee what will happen because the news media paints it as a morality play, obscuring the dynamics at work. While we cannot predict which path the peoples of Europe will choose, we can at least understand the causes of the crisis (it's not … Continue reading Looking ahead to see the new shape of Europe
Summary: The strong often believe that the weak have no choice but to stay in the game (however rigged) and accept whatever cards they're dealt. While logical, the weak often have the ability to turn the tables. So it is with creditor nations, who often confuse the power of loans with that of tanks -- … Continue reading Will Italy stay in the Euro-zone?
Summary: The endgame for Europe (in its current form) probably has started. Like birth, nobody what comes next. Will the process be easy or difficult? Fast or slow? Produce an angel or monster? Here we make some guesses. Pay attention, as Europe's travails mirror those to come for the world. Contents The present: rising stress … Continue reading Europe begins its endgame. Watch and learn, for Europe’s problems are the world’s.