Category: EU – Euro Eurozone

US defends unruly Greece as Europe steps up ‘Grexit’ threats Europe’s creditor powers have reacted with fury as Greece presses ahead with plans to smash its EU-IMF Troika program and demand war reparations for Nazi occupation, raising the risk of a traumatic rupture with Athens by the end of the month. Wolfgang Schauble, Germany’s finance minister, said there […]

Angela Merkel faces moment of truth as war and default threaten Europe’s unity After almost a decade as German Chancellor, Angela Merkel faces a moment of truth as a resurgent Russia and fed-up Greeks challenge her blueprint for Europe’s future. As bloodshed in eastern Ukraine escalates and the new Greek government rejects austerity championed by Mrs Merkel, her deliberate leadership style […]

A Day Of Reckoning For The Euro Has Arrived – 26 TRILLION In Currency Derivatives At Risk This is the month when the future of the eurozone will be decided. This week, Greek leaders will meet with European officials to discuss what comes next for Greece. The new prime minister of Greece, Alexis Tsipras, has already stated that he will not accept an extension […]

Greece Is Turning Into Europe’s Worst Nightmare

Greece is quickly turning into a nightmare for Europe. Syriza, the radical left-wing political party that won the Greek parliamentary elections over the weekend, surprised the EU by challenging economic reforms and the sanctions imposed on Russia. Berlin and its European partners insist on reforms as a condition for receiving […]