Greece receives first tranche of EU bail-out loan
BBC May 18, 2010 The European Commission said 20bn euros from the EU and the International Monetary Fund had been drawn on. more
Category: Articles
Germany Is in Danger of Stealing the U.K.’s Euro-Skeptic Crown
The Wall Street Journal May 18, 2010 Which is the European Union country most critical of developments in the euro zone? For most of the past 20 years the U.K. has been the walk-away winner of the All-Comers Euro-Skeptic trophy. more
Greek Myths and the Euro Tragedy
The Wall Street Journal May 18, 2010 Last week the Greek bailout ballooned into a gargantuan 750 billion euro (nearly $1 trillion) debt stabilization fund, including a $39 billion line of credit from the International Monetary Fund. This coincided with the European Central Bank (ECB) announcement that it would immediately begin purchasing junk-rated Greek debt. […]
President Obama’s nuclear headache
Politico May 18, 2010 The Obama administration isn’t publicly celebrating a nuclear fuel swap deal announced Monday in Tehran by the leaders of Iran, Turkey and Brazil. more
U.S.: Agreement on draft resolution for new Iran sanctions
The Washington Post May 18, 2010 The United States has reached agreement with Russia and China on a draft resolution to impose new United Nations sanctions on Iran over its uranium-enrichment program, Secretary of State Hillary Rodham Clinton announced Tuesday. more