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by Peter Morici UPI September 13, 2011 European efforts at economic integration haven’t delivered sustainable prosperity in poorer nations like Greece and Portugal. Instead, these have left Mediterranean governments teetering on bankruptcy and at the mercy of Germany and other rich states that exploit European unity to live well at the expense of their poorer brethren. The 1992 Maastricht Treaty, which considerably harmonized product and safety regulations and methods ...Read full article...
An ‘orderly default’ of Greece means bankers will finally collect what they fraudulently acquired through indebtedness. By Jonathan Sibun UK Telegraph September 12, 2011 Philipp Roesler, Germany’s economy minister, said an “orderly default” for Greece could no longer be ruled out and branded the country’s deficit-reduction measures “insufficient”. The warning is likely to spook financial markets further and comes despite Greece yesterday announcing a fresh €2bn (£1.7bn) of budget ...Read full article...
The current economic crisis and consequent austerity measures in Greece seem to show a falling nation, but isn’t it instead the rise of Greece and the fall of its corrupt political system? AP June 16, 2011 Squeezed between worried creditors and an angry public, Greece’s beleaguered prime minister tried to tamp down an escalating revolt within his own Socialist party Thursday over new austerity measures. Two prominent Socialist lawmakers ...Read full article...