The eurozone undermined its own banking system in order to squeeze a few pennies out of bank depositors in Cyprus.
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Tag Archives: Greece
Greece Closes Its Eyes And Votes
Greece went into Sunday’s election with its eyes closed, since polls have been banned since June 1. Why face facts?
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Separating News From Noise
It has been a tumultuous few weeks in the financial markets, but there is less to the news than meets the eye.
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Europe Gets Sick Of Being Sick
Europeans, sick of their economic ills, try for a political second opinion.
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Greece’s Pseudo-Devaluation
Greece’s suffering may be for naught while the country uses the euro. The latest austerity is a pseudo-devaluation.
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Papandreou Tells Greeks It’s Time To Grow Up
Papandreou told his fellow Greeks to make a choice and accept the consequences. It’s a gamble, but not an irrational one.
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A Whipsaw Summer Gets Put On Ice
After a summer of extreme ups and downs, it’s time to stop frightening ourselves needlessly.
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Seeing A Scary Movie For The Second Time
The markets are a horror show again, but we’ve seen this film before. The ending is not so bad.
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Sweet Music To Soothe The Savage Banker
All together now: “There Will Never Be Another Lehman.”
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The Euro’s Original Sin
The euro was meant to bind united Germany within a peaceful, prosperous Europe. But Europe was not ready to be bound and now resents it.
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