The Euro’s Original Sin

March 26, 2013

The euro was meant to bind united Germany within a peaceful, prosperous Europe. But Europe was not ready to be bound and now resents it.

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Penny Wise, Euro Foolish

March 19, 2013

The eurozone undermined its own banking system in order to squeeze a few pennies out of bank depositors in Cyprus.

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Greece Closes Its Eyes And Votes

June 18, 2012

Greece went into Sunday’s election with its eyes closed, since polls have been banned since June 1. Why face facts?

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Separating News From Noise

May 23, 2012

It has been a tumultuous few weeks in the financial markets, but there is less to the news than meets the eye.

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Europe Gets Sick Of Being Sick

May 11, 2012

Europeans, sick of their economic ills, try for a political second opinion.

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Greece’s Pseudo-Devaluation

February 15, 2012

Greece’s suffering may be for naught while the country uses the euro. The latest austerity is a pseudo-devaluation.

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Papandreou Tells Greeks It’s Time To Grow Up

November 3, 2011

Papandreou told his fellow Greeks to make a choice and accept the consequences. It’s a gamble, but not an irrational one.

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A Whipsaw Summer Gets Put On Ice

October 31, 2011

After a summer of extreme ups and downs, it’s time to stop frightening ourselves needlessly.

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Seeing A Scary Movie For The Second Time

October 4, 2011

The markets are a horror show again, but we’ve seen this film before. The ending is not so bad.

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Sweet Music To Soothe The Savage Banker

September 16, 2011

All together now: “There Will Never Be Another Lehman.”

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