This morning’s key headlines from GenerationalDynamics.com: Turkey asks Germany for help with PKK terrorists Erdogan’s visit to Germany highlights some major differences Eurozone unemployment reaches new historic high Still no progress on Greece’s next bailout payment Turkey asks Germany for
This morning’s key headlines from GenerationalDynamics.com Tens of thousands protest against austerity in Greece Neo-Nazi Golden Dawn party gains support in Greece Greeks shocked at Golden Dawn attack on Corpus Christi play performance Hungary’s neo-Nazi Jobbik party demonstrates against Roma
By HAROLD HECKLE and JORGE SAINZAssociated PressMADRIDThe Spanish government will inject another (EURO)6 billion ($7.5 billion) into its bank rescue fund to cope with growing problems in its financial sector as it awaits a loan from its 16 partner countries
By BARRY HATTON and HAROLD HECKLEAssociated PressMADRIDSpain’s ailing banks won’t likely need to tap all the €100 billion ($125.7 billion) that’s been made available by the country’s euro partners, Economy Minister Luis de Guindos said Monday. In a further indication
This morning’s key headlines from GenerationalDynamics.com Angela Merkel praises Canada for not ‘living on borrowed money’ Greece postpones request for extension of austerity requirements Spain’s debt spiral accelerates at high speed In ironic twist, Assad’s planes kill ally’s kidnap victims
The new French Socialist government launched tax rises and spending cuts on Wednesday to meet budget targets as growth flags, with the eurozone debt crisis burning on and Italy falling behind. The French cabinet approved action to adjust the budget
(AP) Slovakia: no more patience for European bailoutsBERLINSlovakia’s prime minister says people in his country have run out of patience with European rescue measures and more aid can only be offered if troubled eurozone nations get their finances in order.
By NICHOLAS PAPHITIS and ELENA BECATOROSAssociated PressATHENS, GreeceGreek conservative party head Antonis Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country’s international bailout commitments. The move ends a protracted
HAROLD HECKLE and ALAN CLENDENNINGAssociated PressMADRIDSpain’s borrowing costs broke through another record Thursday after a credit ratings agency downgraded the country’s ability to pay down its debt amid rising fears a bank bailout may not be enough to save the
By JUERGEN BAETZAssociated PressBERLINGerman Chancellor Angela Merkel and the country’s opposition leaders failed to reach an agreement on a European growth initiative in a new round of talks Wednesday, according to participants. Merkel and top opposition lawmakers held talks at
Germany is facing the growing problem of an aging population with a birth rate estimated at 1.6 children per woman. To remedy this issue, the government has decided to bribe parents into having more children. It recently proposed a monthly
(AP) Court official to be appointed Greek interim PMBy ELENA BECATOROSAssociated PressATHENS, GreeceGreece appointed a senior judge Wednesday as prime minister of a caretaker government that will lead the country to repeat elections next month. The move comes as Greece
The head of the European Commission said Wednesday there was “no way” of changing the terms of a 130-billion-euro bailout agreed with Greece, as Athens prepares to return to the polls. As official news in Athens pegged June 17 as
(AP) Lightning hits French president’s plane, none hurt PARIS – French officials say that new President Francois Hollande’s plane was hit by lightning en route to Berlin. They say no one was hurt but that the plane returned to Paris as
European stock markets fell in opening trade on Monday, rattled by ongoing political uncertainty in Greece. London’s benchmark FTSE 100 index slid 0.80 percent to 5,531.21 points, Frankfurt’s DAX 30 shed 1.31 percent to 6,494.25 points and in Paris the
Outgoing French leader Nicolas Sarkozy’s cabinet met for its last session on Wednesday as president-elect Francois Hollande held talks with top Socialists to gear up for next month’s parliamentary vote. Hollande also held consultations on forming a government and preparing
Chancellor Angela Merkel faced a knife-edge state election on Sunday that could provide vital clues to Germany’s political landscape 16 months before a national vote likely to hand her a third term. With most eyes fixed on critical national elections
By GEIR MOULSONAssociated PressBERLINGermany defended its pro-austerity stance on Tuesday, with Chancellor Angela Merkel and two ministers pressing for Europe to stick with a policy of fiscal discipline in spite of the latest bout of political uncertainty. Financial markets in
With recession looming in debt-struck Europe, governments face growing pleas to move away from all-out austerity and inject growth policies as leaders struggle to revive their economies. European Union leaders used two summits this year to begin discussions on how
BERLIN (AP) – The German parliament approved a second, euro130 billion ($173 billion) loan package for Greece on Monday after Chancellor Angela Merkel warned lawmakers that it would be irresponsible to abandon the country to bankruptcy. Although the motion was
Chancellor Angela Merkel named Joachim Gauck, a pro-democracy activist from the former East Germany, as the unity candidate for the mainly ceremonial role of German president after the resignation of the incumbent amid corruption allegations.
This morning’s key headlines from GenerationalDynamics.com. Merkel and Sarkozy put on first road show of the new year No sign of crisis in Greece bottoming out yet Merkel and Sarkozy threaten to withhold Greece’s bailout money Tibetan monk’s body paraded
This morning’s key headlines from GenerationalDynamics.com. * Europe recoils as Germany takes charge * Record turnout in Egypt’s elections * Pakistan changes rules of engagement versus U.S. forces Europe recoils as Germany takes charge Angela Merkel, giving her ‘one Europe’
This morning’s key headlines from GenerationalDynamics.com. * Happy Thanksgiving * Germany’s bond auction called a ‘complete disaster’ as bond panic spreads * EU President Barroso makes strong pitch for ‘Stability Bonds’ * Merkel affirms her rejection of Eurobonds in budget
This morning’s key headlines from GenerationalDynamics.com. * Egypt’s military leader responds to mass protests * Massive protests continue in Egypt * Euro collapse now seems inevitable, as Franco-German rift grows * Another savior for Europe: The Federal Reserve * Wild-eyed
This morning’s key headlines from GenerationalDynamics.com. * Greece buckles to European demands and cancels referendum * Referendum call forces historic changes * Fed Chairman Ben Bernanke’s press conference * Following the script * Elements of the script * A little
[audio: http://newledger.com/podcasts/CoffeeandMarkets103111.mp3] Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the fallout from last week’s Eurozone deal, the impact of the debt
This morning’s key headlines from GenerationalDynamics.com. * Wall Street stocks soar 3% on empty promise by Sarkozy/Merkel * Report: Merkel has concluded that Greek default is inevitable * With elections approaching, Egypt’s government in crisis over Sunday’s violence * Egypt’s
This morning’s key headlines from GenerationalDynamics.com. * Germany approves the expanded bailout fund * 10 reasons why the EFSF is not the Holy Grail * European financial inspectors audit Greece * Syrian regime supporters attack American ambassador * Terror plot
This morning’s key headlines from GenerationalDynamics.com. * Germany expected to approve more bailouts on Thursday * Greece’s Papandreou promises to “fight our way back to prosperity” * Israel’s Netanyahu approves peace talks while new settlements are announced * Syria’s regime
Conservatives in Germany are furious as Chancellor Angela Merkel commits the country to bailing out other countries in Europe who have been running up debts and living on borrowed money for years. Is this the beginning of Germany’s Tea….errr…Beer Party
European leaders have long expressed confidence that the US would find a resolution to its ongoing debt impasse. But now there is growing concern that it won’t, according to Spiegel. German Finance Minister Wolfgang Schäuble says, “Everyone in the US
This morning’s key headlines from GenerationalDynamics.com. Merkel and Sarkozy agree on plan for Greece after seven hours Nicolas Sarkozy and Angela Merkel, Europe’s odd couple, in Berlin Wednesday After seven hours of talks that ran late into Wednesday night between
Over the weekend, Der Spiegel quoted former German Chancellor as saying of the current Chancellor, Angela Merkel: “Die macht mir mein Europa kaputt!” — “She is destroying my Europe.” A highly emotional photo of Mitterand and Kohl at Verdun in
Friday was another one of those Alice in Wonderland days where all you can do is shake your head in disbelief at the absurd lengths to which desperate European politicians are going. Angela Merkel and Nicolas Sarkozy after Friday’s meeting
Here’s some completely depressing news. CNBC is reporting that President Obama is putting American taxpayers on the chopping block to bail out Greece’s corrupt politicians. But, to show he doesn’t discriminate, he also encouraged the German Chancellor to rape her
Europeans are coming around to the idea that a new bailout of Greece will only pile on more debt, only making the euro / Greece financial crisis worse. Greece’s problems are compounded by the weekend arrest of IMF chief Dominique
Germany’s reliably left of center Der Spiegel offers up an interview with German political scientist Herfried Munkler who criticizes America’s celebration that Osama Bin Laden has been killed. Munkler joins the chorus of criticism from the German Left direct at
Feuding European officials signed off on a bailout of Ireland’s banking system on Sunday night, but it failed to calm financial markets on Monday morning, according to EuroIntelligence. 10-year bond yields for Spain, Portugal, Ireland and Greece as of November
A new German political party, Die Freiheit (The Freedom), had its inaugural meeting on October 28 in Berlin. I was in town, so its leadership invited me to be the only non-member of the nascent party to witness and report