How Low Can the Euro Go?

Staff / Truthdig May 17, 2010 The answer to the headline question, at least on Monday, would be $12234, as the euro dropped to its lowest point in four years As this CNN report puts it in somewhat startling terms, " Ongoing debt concerns prompted a flight to the safety of the US dollar". Dig deeper ( 1 Min. Read )

Speculators [A cartoon from Austria]

Petar Pismestrovic, Kleine Zeitung, Austria May 17, 2010 Dig deeper

Euro’s Crisis Has American Fingerprints

William Pfaff / Truthdig May 12, 2010 Self-admittedly profligate Greece did not invent the world crisis, nor did Portugal, Spain or Italy. The guilt lies with the United States. Dig deeper ( 4 Min. Read )

Greeks Focus Their Rage on the IMF

Staff / Truthdig May 9, 2010 While the genesis of Greece's financial crisis may come straight out of economic textbooks, the recent intervention of the EU and now the IMF into Greek affairs has guaranteed popular resistance to the bailout -- which many see as foreign subjugation of their country. Dig deeper ( 1 Min. Read )

A Fragile Partnership

William Pfaff / Truthdig May 5, 2010 The present crisis of the European Union was inherent in the creation of the institution itself. Dig deeper ( 4 Min. Read )

Greece Hits the Help Button

Staff / Truthdig Apr 23, 2010 Greek Prime Minister George Papandreou, declaring that the "moment has come," formally requested the activation of a $60 billion financial aid package from the European Union and the International Monetary Fund. Dig deeper ( 1 Min. Read )

$40 Billion for Greece Bailout

Staff / Truthdig Apr 11, 2010 The 16 nations that use the euro have just revealed an aid package of up to $40 billion in an effort to stem the Greek financial crisis. Finance ministers see the offer as a "step of clarification" for markets and a boost for the faltering euro. Dig deeper ( 1 Min. Read )

Greece Isn’t Europe’s Only Problem

William Pfaff / Truthdig Mar 31, 2010 Today's European crisis was precipitated by Greece acting with possibly reckless honesty, and Germany behaving badly. Dig deeper ( 3 Min. Read )

Bailing Out Greece

Staff / Truthdig Mar 12, 2010 In an effort to save the Greek economy, and by extension the euro itself, eurozone countries -- the 16 European Union states that use the common currency -- have agreed on a multibillion-euro bailout that also will impose financial austerity measures on Greece. Dig deeper ( 1 Min. Read )

‘Colbert Report’: Greece, Frightening

Staff / Truthdig Mar 5, 2010 Sure, Goldman Sachs CEO Lloyd Blankfein once crowed that his firm was "doing God's work," but, as Stephen Colbert points out here, Blankfein never actually specified which God he was talking about. Perhaps it was Hades, Greek god of the underworld. Given the state of the Greek economy, that may not be too much of a stretch. Dig deeper ( 1 Min. Read )

Greece’s Dysfunctional Economy [A Cartoon From Slovakia]

Martin Sutovec, Slovakia Feb 17, 2010 Dig deeper

My Big Fat Wall Street Bankers

Staff / Truthdig Feb 14, 2010 The logic of global capitalism is everywhere. New investigations are showing that the same Wall Street tactics -- and companies -- that ushered our own economy to economic collapse have emerged to exacerbate Greece's current financial crisis. Dig deeper ( 1 Min. Read )