Euro-Crisis Used to Destroy Social Contract
Michael Ash: German bankers can be ruthless bill collectors, wild speculators, social planners and austerity hawks but they seem to ignore the damage they are doing to Europe
The leaders of the European Union have ordered the Spanish government to accept up to 100 billion Euros in loans to bail out its tail-spinning financial sector, but will this so-called "credit extension" really help pull the economy out of recession and curb soaring unemployment?
Robert Johnson: We are unlikely to hear tough questions from Senate Banking Committee as JP Morgan is their biggest campaign contributor
Rob Johnson: European adjustments are not the product of a mistake, but a design to break down some of the leftover architecture of the Cold War, which might be called the insurance premium that was paid against conversion to communism.