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European Redemption Fund: Unlikely to Work
Euro area debt crisis 11 Months, 4 Weeks, 2 Days, 3 Hours, 10 Minutes ago
With Greece looking no more likely to break out of its austerity/depression spiral following elections and the Spanish bank bailout having failed to restore confidence in Spain, all eyes are on the EU summit on June 28/29 for a fix for the EZ crisis.



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Greek Elections: Returning to the Unsustainable Status Quo
Euro area debt crisis 1 Year, 22 Hours, 12 Minutes ago
New Democracy (ND) just barely pulled ahead of the anti-bailout, left-wing Syriza in the election on June 17th. According to Greek law, the party in first place wins 50 bonus seats in parliament. With roughly 85% of the votes counted and Syriza havin...