Tag Archives: ECB

A Union of Convenience

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EU Photo: Wikipedia
Sculpture outside of European Central Bank
The European Union started with six Western European countries after World War II as the European Coal and Steel Community in 1952 (Belgium, France, Italy, Germany, Luxembourg, and the Netherlands). By 1973 the United Kingdom, Denmark, and Ireland joined what had become known as the European Community. Greece became a member in 1981, Spain and Portugal in 1986, Austria, Finland, and Sweden in 1995, eight former communist countries in 2004 (the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia) plus Malta and Cyprus, Bulgaria and Romania in 2007, and Croatia in 2013, the 28th member. Continue reading →

Bailouts, Bailins, and the Greeks’ Trojan Horse

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Greek flag
While Americans are eagerly signing petitions to ban the American flag on the heels of Louis Farrakhan’s Nation of Islam leader call to ban the Stars and Stripes “due to its links to racism” or are busily banning anything attached in any way to the Confederate flag and our history, the United States and the world are in serious financial trouble driven by out-of-control debt, particularly the most visible nation of all, Greece. Continue reading →