Throughout Europe, extremist right-wing parties have been on the rise and radical ideas are gaining traction.
The Right Rises Again in Europe
read more
bailout
Letter From Sofia: Old Tanks and Modern Mayhem
The military museum in Bulgaria's sprawling capital city consists of a tiny building and a huge outdoor display of weapons that look as if they had been wheeled in fresh from the battlefields and parked, higgledy piggledy: mountain howitzers that shelled Turks in 1912...
Explaining the Cyprus Shakedown
In June 2012, the Cypriot government requested a bailout after its two largest banks took massive losses—around 1.6 billion euros—on Greek government bond write-downs. In order to remain solvent, it was determined that Cyprus needed 17 billion euros in assistance. What Cypriots got was a government claim on their own private bank accounts.
Spanish Austerity Savage to the Point of Sadism
Even though Deutsche Bank helped cause its financial crisis, Spain is bailing it out.
Europe’s Crisis and the Pain in Spain
If Spain and Italy apply for bailouts, the EU will be split between northern haves and southern have-nots. Can a house so divided long endure?
Assessing the G-20 Declaration
The G-20’s “Summit on Financial Markets and the World Economy,” held in Washington on November 15, gave world powers a chance to coordinate their responses to the burgeoning international financial crisis and accompanying ills in real economies around the globe but produced a long, vague, and telling declaration, devoid of meaningful commitments to change business as usual.