Tag: Greece debt crisis

US Will Punish Its NATO Allies, Not Iran

Will the economies of Greece and Italy finally collapse without Iranian oil? Having declared that the US-EU friendship will depend on whether Brussels supports Washington in its bid for imposing sanctions against Iran, the US president left Europe with no choice. The European Union, desperate to at least slow down […]

Is Euro Becoming «Contageous»?

For quite a time history of economic crises was able to do with a brief list of vivid images. The term «Black Thursday», for instance, has unequivocally meant the exchange collapse of 1929 for many years. Yet the time went by, crises took place all the more often and now […]

EU – Summit on the Titanic’s board

European leaders delayed the Friday’s Summit, two days after the EU Finance ministers reunion did not reach any result on Greece. In addition, the German chancellor, Angela Merkel, was crucial in resisting pressure for a meeting on Friday, arguing that it would be too early to deliver the comprehensive package […]

Default by Greece and the US

In mid June Alan Greenspan, former Federal Reserve chairman, said a default by Greece is “almost certain” and could help drive the US economy into recession. Greenspan’s loud statement on Greece may be a “sound curtain” to prepare the global community to a default by the US… First – a […]