January 19, 2012

Greece: Civilization in Reverse

Victor Davis Hanson, National Review

AP Photo

In Greek mythology, the prophetess Cassandra was doomed both to tell the truth and to be ignored. Our modern version is a bankrupt Greece that we seem todiscount.

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TAGGED: Greece, Eurozone


January 10, 2012
Republicans Bash Europe in Search of Votes
Sebastian Fischer, Der Spiegel
Europe is socialist, bloated and a threat to the global economy. That appears to be the message from the ongoing presidential campaign in the U.S. Republicans in particular have discovered Europe as a convenient punching bag... more ››
January 6, 2012
Greece Heads Toward Default
Wall Street Journal
Greek Prime Minister Lucas Papademos told a group of labor-union leaders Wednesday that he expected that a deal on a 50% haircut on Greek government bonds would be sealed within two weeks. A day earlier, a government spokesman... more ››
January 17, 2012
America, Greece and a World on Fire
Gideon Rachman, Financial Times
It took an economic crisis in Greece in 1947 to force the US to assume world leadership. Now, more than 60 years later, another Greek crisis is showing what the world feels like without US leadership. more ››
January 16, 2012
Watch the Greeks, Not Ratings Agencies
Buttonwood's Notebook
WHILE the big headlines over the weekend were about S&P's downgrades of European countries, the more worrying news came from Greece, where talks on a debt deal broke up. While I am not as negative as some on the agencies... more ››
January 9, 2012
Doubts Grow on Greek Debt Restructuring
Böll, Hesse & Heyer, Der Spiegel
The outlook for cash-strapped Greece is looking increasingly bleak. Government reforms are behind target, and negotiations with private creditors over voluntary debt relief are stalled. A disorderly default could be just weeks... more ››