How the west poisoned its money
Sep 24,2022 – JORDAN TIMES / Yanis Varoufakis ATHENS — Capitalism conquered the world by commodifying almost everything that had a value but not a price, thus driving a sharp […]
Controversial Eurozone AccessionConcerns Rise as Bulgaria Prepares to Join the Euro
Controversial Eurozone AccessionConcerns Rise as Bulgaria Prepares to Join the Euro Bulgaria has significant problems with corruption and money laundering. Nevertheless, the European Union is prepared to accept the country […]
American soft coup against Iraqi people
Politics December 31, 2020 – TEHRAN TIMES TEHRAN – Iran has agreed to resume gas exports to neighboring Iraq, thereby saving Iraq from a widespread power outage. The agreement to […]
The Euro and Its Threat to the Future of Europe by Joseph Stiglitz – book review
The economist exposes the flaws of the common currency, but his solutions for reform don’t convince A protester burns a euro note during a demonstration in Athens, June 2015. Photograph: Reuters John Kampfner Monday 22 August 2016 It’s two months since Britain’s worst foreign policy blunder of the modern era […]
Greek finance minister quits after voters reject bailout terms
July 6, 2015 swissinfo.ch reuters By Renee Maltezou and John O’Donnell ATHENS/FRANKFURT (Reuters) – Greece’s outspoken finance minister resigned on Monday, removing a major obstacle to any last-minute deal to keep Athens in the euro zone after Greeks voted resoundingly to reject the austerity terms of a bailout. Yanis Varoufakis, […]
Greece to miss IMF payments amid fears of 'catastrophic' eurozone rupture. A Greek reversion to the Drachma would be an irreversible "disaster" for the entire euro project, Yanis Varoufakis warns
Greece’s long-term future in the eurozone still hangs in the balance Photo: AFP By Peter Spence, Economics Correspondent 24 May 2015 Greece will be unable to find the €1.6bn (£1.1bn) sum it is due to hand the International Monetary Fund (IMF) next month, one of the country’s ministers has admitted. Nikos […]
Greece to miss IMF payments amid fears of ‘catastrophic’ eurozone rupture. A Greek reversion to the Drachma would be an irreversible “disaster” for the entire euro project, Yanis Varoufakis warns
Greece’s long-term future in the eurozone still hangs in the balance Photo: AFP By Peter Spence, Economics Correspondent 24 May 2015 Greece will be unable to find the €1.6bn (£1.1bn) sum it is due to hand the International Monetary Fund (IMF) next month, one of the country’s ministers has admitted. Nikos […]
The Grexit Dilemma: What Would Happen if Greece Leaves the Euro Zone?
By SPIEGEL Staff DPA Banks across Europe, including the European Central Bank, are preparing for the possibility of Greece leaving the euro zone. With Athens and Brussels still at odds, such an eventuality seems more realistic than ever. But how disruptive would a Grexit really be? On Wednesday of this […]
Central Banker Sees Structure of Euro Zone as ‘Unsustainable’
FRANKFURT — Mario Draghi, president of the European Central Bank, warned Thursday that the structure of the euro zone had become “unsustainable” and criticized political leaders he said have been slow to respond to the sovereign debt crisis. “The configuration we had for 10 years, which was considered sustainable, has […]
Nick Clegg: eurozone foundations are ‘weaker than anyone could have predicted’
Nick Clegg has warned that the foundations of the eurozone are “weaker than anyone could have predicted”, as he urged Greece to stay in the euro and stick with its […]
Germany, France draw battle lines over eurozone bonds
(Reuters) – Germany dismissed a French-led call for euro zone nations to issue common bonds, a day before a European Union leaders’ summit which investors are looking to for new measures to counter the bloc’s debt crisis. After a torrid week, stock markets rallied on optimism that the Wednesday summit […]
EU leaders set for showdown on fate of euro as crisis deepens
Angela Merkel and François Hollande to have first face-to-face talks in Berlin after eurozone finance ministers meet in Brussels. Europe is braced for a crucial 48 hours of high-stakes summitry […]
Europe Agrees to $1 Trillion Bailout Fund for Euro
COPENHAGEN — European finance ministers agreed Friday to create a permanent bailout fund for the euro zone with temporary lending capacity of €800 billion, the latest signal sent by Europe to show its determination to overcome a two-year-old crisis of confidence. The decision gives Europe a so-called firewall against future […]