Saturday, 27 March 2010

Germany Awakes. Rules of the Game Are Changing in Europe

At its spring summit, currently being held in Brussels, the European Union is expected to present a rescue package for Greece, consisting of a joint EU-IMF solution. However, even if the EU succeeds in finding a solution, the crisis surrounding the euro has revealed that Germany is no longer willing to put EU interests before its own.

This week, the euro fell to its lowest level against the dollar in ten months, and its lowest level ever against the Swiss franc. The crisis over the euro, triggered by the budgetary problems of Greece, one of the 16 countries which use the common European Union currency, is causing political tensions between the countries of the so-called eurozone. Meanwhile, the next domino seems to be about to fall. Earlier this week the international ratings agency Fitch lowered the credit rating of Portugal, another eurozone member and the home country of Jose Manuel Barroso, the president of the European Commission.


Disclaimer - The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.

The myriad of facts, conjecture, perspectives, viewpoints, opinions, analyses, and information in the articles, stories and commentaries posted on this site range from cutting edge hard news and comment to extreme and unusual perspectives. We choose not to sweep uncomfortable material under the rug - where it can grow and fester. We choose not to censor skewed logic and uncomfortable rhetoric. These things reflect the world as it now is - for better and worse. We present multiple facts, perspectives, viewpoints, opinions, analyses, and information.

Journalism is (or used to be) the profession of gathering and presenting a broad panorama of news about the events of our times and presenting it to readers for their own consideration. We believe in the intelligence, judgment and wisdom of our readers to discern for themselves among the data which appears on this site that which is valid and worthy...or otherwise.

  © Blogger template 'Perfection' by 2008

Back to TOP