The countries of Europe along with private creditors involved - most notably Germany - saved Greece several times from looming bankruptcy, waiving billions and billions in debt. I am not aware of any sign of gratitude from Greece, though.

For weeks, policy makers and financial markets have awaited the outcome of the Greek elections with a great deal of anticipation, and have prepared for a crisis scenario. Is it not revealing that the situation in this small, and for the Eurozone economically insignificant country, suffices to fill us with trepidation and to trigger speculations regarding the end of Europe’s […]

The DIW German Institute for Economic Research, which is affiliated with the Social Democrats and the DGB umbrella organisation of the German unions, has come out with the proposal to ask "the rich" in Germany for a compulsory levy that would be earmarked for the rehabilitation of the federal budget

There is one thing the political class agree on: The euro is a project that must not founder. Angela Merkel, we all know, got so carried away as to make the absurd remark: "If the euro fails, so will Europe."