Ukraine President Says No Military Solution To Crisis, May Need To Decentralize Power

By: Friday September 12, 2014 8:49 am

Ukraine's president says no military solution to his country's crisis, eyes reform: http://t.co/O5fdvSLDxl pic.twitter.com/YMhjvHqqac — Reuters Top News (@Reuters) September 12, 2014 Ukraine President Petro Poroshenko has conceded that there is no military solution to the crisis in Ukraine. Though initially the war in East Ukraine against separatists was called a counter-terrorism campaign, after a [...]

European Union Wins Nobel Peace Prize

By: Friday October 12, 2012 7:01 am

The Nobel Peace Prize for 2012 has been awarded to the European Union, in what the Nobel Committee describes as a kind of lifetime achievement award for keeping Europe mostly out of war with one another since 1945. The Norwegian Nobel Committee has decided that the Nobel Peace Prize for 2012 is to be awarded [...]

Europe’s Financial Elites to Greece: Drop Dead

By: Saturday June 16, 2012 2:11 pm

Video via The Guardian, showing campaign rally by Syriza leader Alexis Tsipras. The New York Times has a lengthy, heart rending account of the suffering Greeks are going through as their economy collapses, money disappears, businesses close, and their ability merely to survive faces increasing risks.  More here from The Guardian on the collapse of [...]

Mario Draghi’s Admission: Lying to Europe (Update: Irish Vote Yes on Austerity Pact)

By: Friday June 1, 2012 9:40 am

David Dayen reported yesterday on the statement Mario Draghi, the head of the European Central Bank, made about the “unsustainable” state of the single-currency Euro Union.  As David noted, Draghi’s remarks were widely interpreted as implicit criticism of the European political leadership — as though he were not part of that –  in effect telling [...]

Just What Are Eurobonds?

By: Tuesday May 29, 2012 10:20 am

Let me take you “backstage” at FDL for a moment. After this post, Scarecrow and I had a discussion about the structure of eurobonds (I know, scintillating stuff). Scarecrow thought that sovereigns in the Eurozone could still float their own bonds, even if eurobonds were initiated, and take advantages of rates lower than on the [...]

Greece Finally Decides on PM; Germany Talks Eurozone Breakup

By: Thursday November 10, 2011 6:13 am

Talks to create a unity government in Greece collapsed last night without a resolution, because the two parties could not agree on the terms. Then, at the last minute, Lucas Papademos was named Prime Minister. He is a political outsider and European leaders hope that he will have the ability to hold the unity coalition [...]

EU Proposes Financial Transaction Tax

By: Wednesday September 28, 2011 8:15 am

It’s clear that European policymakers are bumbling around, mainly because they don’t want to do the only steps that would actually work to end the crisis. Martin Feldstein, the conservative economist, basically gets this right in an op-ed today. It’s not a debt crisis, it’s a banking crisis. And in a larger sense, it’s a [...]

Greece, EU Agree on Latest Bailout Deal

By: Thursday June 2, 2011 12:54 pm

Greece agreed to deeper austerity terms and a quicker selloff of state-owned assets in exchange for new bailout funds. And while the EU denies that they have fully agreed to deliver more money to Greece (Reuters is standing by their story), some outlines of the deal are becoming clear. The Reuters report said senior euro [...]

Germany Scotches EU Support for Libya No-Fly Zone

By: Tuesday March 15, 2011 10:52 am

Moammar Gadhafi’s forces continue to pound rebels from the ground and the sky in all parts of Libya, and while the rebels still “have the will to fight,” in the words of one lieutenant colonel who defected, they are largely outgunned. They sent up two old planes to try and bomb Gadhafi’s warships, but I’m [...]

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