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I would like to thank the German people (a letter to Germany)

The Greek and the German government have been both complaining about a propaganda war that is obstructing the truth and makes the successful conclusion of negotiations difficult. 1,024 more words


Stok-ing the Fire

After last week’s super show it is hard to believe England were in turmoil the week before.  A wave of Durham optimism is washing over the masses.   256 more words


This is what a dying banking system looks like

That whooshing sound you hear is the scads of euro notes being withdrawn from Greek banks.

Rafts of deposits have left Greek banks in recent months, as the economically troubled Mediterranean country careens toward another clash with creditors. 127 more words

Notes From Underground: Draghi, Yellen and Fischer ... Oh My

As we reflect on the various speeches delivered over the last week there appears to be more questions than answers to the issues that weigh on the markets. 1,177 more words


European Fascism: Dead or Alive?

If it is to repeat our mistakes, either we haven’t learned anything from them or we have clearly overestimated human condition. Fascism has taught humanity two fundamental axioms: … 1,234 more words

EU In Crisis

Time is running out for Greece!?

The pound fell to two-week lows against the U.S. dollar on yesterday, as expectations for a U.S. rate hike in the coming months continued to lend broad support to the greenback. 489 more words