Finland asked Greece for collateral, other Euro states miffed.

Euro Group President Jean-Claude Juncker is upset with the bilateral agreement between EU states Greece and Finland with regards to Finland’s request for collateral in the 109 billion euro bailout agreement. Bilateral agreements within the EU are particularly irksome when the other members who contributed to the bailout requested nor received any such concessions. Junckler […]

Eurobonds or die?

As discussed in previous blog posts, the problem with the Euro and the current debt crises wracking EU states like Greece and Spain stems largely from the EU member-states unrestrained ability to borrow money in the form of sovereign debt. While the Euro binds the EU together in monetary union, each member state is still […]

Will the collapse of sovereign debt in Europe trigger the end of the Euro and the EU?

Ever since 2008 the financial world has been roiling because of various forms of insolvency. The most frightening of all developments has been the revelation that certain members of the EU have failed to adopt modernization policies (maintaining cartels and old labor agreements that were unworkable) aimed at making their economies more competitive and that […]

Bundesbank disapproves of ECB bond buying.

The German Bundesbank has increased pressure on German Chancellor Angela Merkel’s attempts at shoring up support for the ECB bailout of the sovereign debts of Italy and Spain in an attempt to stave off unsustainable future borrowing costs for the two beleaguered EU states. This just highlights the coordination difficulties inherent in the current financial […]