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.
Summary of another status report on the crisis of Europe. Its leaders repeat their mistakes during the 1930s (raising taxes & cutting expenditures in response to economic weakness) while attempting to save the structurally flawed EMU. Their mistakes only accelerate Europe's dive towards a political singularity, when the current structure collapses -- beyond which lies a new shape for … Continue reading Status report on Europe’s slow re-birth (first, the current system must die)
Summary: Recent events in Europe reveal much about the nature of democracy in the West, showing our leaders' contempt for us. Europe is just America as seen in a mirror. See the links at the end for more information. Europe is stunned. The Greek prime minister wants to allow the people to vote on the euro rescue … Continue reading Europe’s leaders explain: “We don’t want elections. We want to govern.”
Summary: The dream of the latest Euro-rescue plan lasted for one week. Already painful reality emerges to confront the bold but baseless claims of Europe's leaders. Only with exceptional skill and determination can they make this work. Contents Greece introduces democracy into the rescue process Red lights on the dashboard The BRIC rescuers sound wary … Continue reading Europe’s rescue plan meets reality. Which will win?
Summary: The conference of Europe's leaders concluded with little results, a failure judged by the expectations they had set. They don't have time for many more such failures as conditions worsen, the financial contagion spreads across Europe, and their credibility diminishes. Here we conduct a post-mortem on the Summit. Today the leaders of Europe concluded … Continue reading Today Europe’s leaders took another step towards the edge of the cliff