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Tag: Angela Merkel

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German Chancellor Merkel ‘Collapses’ During Festival…Or Not?

Reports surfaced in the German media yesterday that Chancellor Angela Merkel had collapsed while attending the 104th Wagner Opera Festival in Germany. Several mainstream news outlets, such as Der Speigel and Bild, reported the incident only to have it contradicted later by Chancellor Merkel’s

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Greek Bailout: Everybody Capitulated to Everyone Else

The seemingly final deadline for serious Greek proposals in the debt showdown was Friday morning, and some paperwork was indeed delivered on schedule, inducing some optimism that a Greek exit from the Euro would be averted. Depending on who you ask, the deal is either a stunning triumph or disastrous capitulation for either Greece or its creditors.

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The EU: A Wounded Beast Whose Time Has Passed

The beast is wounded – probably mortally – but it will take an inordinately long time to die and in its prolonged death throes it will devastate whole nations’ economies, living standards and dignity. Circle the date ‘5 July 2015’ in your

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Reform Or Else: Germany Warns Greece And a Divided Europe

Germany is demanding new coercive powers to legally compel, or “force member states,” to abide by structural reforms and binding EU-IMF fiscal “programmes”. This pits Europe’s economic powerhouse against France, a country with a record of failing to follow EU

EU Makes Last-Ditch Bid to Save Greek Bailout

This article originally appeared at Reuters: EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to

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Greece Shuts Banks, Imposes Capital Controls as Euro Referendum Nears

Greek Prime Minister Alexis Tsipras has forced all banks in the country to shut down and limit the amount of money Greeks can withdraw from ATMs. This is in anticipation of a July 5 referendum on whether Greece should accept economic reforms in exchange for a shot at not defaulting on its $271 billion debt to the European Union and the IMF.

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The Nuclear Option: Jeb Burnishes Non-Credentials on Global Tour

Not since Clark Griswold took his family on a European vacation have we seen such goofy antics. Jeb Bush, in a desperate bid to be taken seriously, is cashing in his last name to buy himself a first-class tour of European capitals to hobnob with world leaders, statesmen and dignitaries.