In The Utopian Thomas Meaney,Harris Mylonas Why did it take four months for Europe’s parent nations — Germany and France — to prop up the continent’s prodigal son, Greece? And what can the European Union do when it comes to coping with such behavior with its other children? There is little doubt Greece needs to …
Monthly Archive
for: ‘March, 2010’
The Euro is Still a Better Reserve Currency
The euro has fallen 12 per cent against the dollar since December, leading some to question the euro’s value as a global reserve currency. Yet as the following chart from Clemens Kownatzki shows, such fears are overblown. The data show the euro-dollar relationship all the way back to 1972, using a currency basket to derive values …
Greece’s crisis, Germany’s gain (Los Angeles Times)
In the Los Angeles Times By Thomas Meaney and Harris Mylonas Why did it take four months for Europe’s parent nations — Germany and France — to prop up the continent’s prodigal son, Greece? And what can the European Union do when it comes to coping with such behavior with its other children? …