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 […]

Read More Finland asked Greece for collateral, other Euro states miffed.

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 […]

Read More Eurobonds or die?