September 12, 2012. This is the date that may ultimately decide the fate of the Eurozone. It has nothing to do with Greece, Spain, Italy, or any of the other problem children of Europe. No, it is Europe’s stern schoolmistress Germany that holds the fate of the currency zone in the balance. On September 12,...Read More

Moody’s announcement last week that Germany was at risk of losing its AAA credit rating should have come as no surprise. The slow-motion Eurozone train wreck leaves no “good” outcome for Germany. If Germany acquiesces to bailouts of the size and scope that are needed to restore market confidence, government debt is going to rise...Read More

The negotiations between Spain and her Eurozone partners continue. Prime Minister Mariano Rajoy agreed to new austerity measures, released on Wednesday, as a means of avoiding a full state bailout and the loss of control to the EU’s supervisory institutions that this would entail.  In total, the moves would cut Spain’s budget deficit by €65...Read More

Lest I be labeled a doom monger, I want to be clear on a few things. I do not believe that the Eurozone will break up. Greece could—and probably will—be asked to leave sometime this summer, but most would agree that this would be addition by subtraction. The other problem countries—most notably Spain—have shown the...Read More