Earlier this week the embattled Greeks delivered still more body blows to the rotten regime of Keynesian central banking and the crony capitalist bailout state to which it is conjoined. By defaulting on its IMF loan, walking away from the troika bailout program and taking control of its insolvent domestic banking system, Alexis…
Cheap Money will Help European Banks But Not The People Boris Roessler / AFP / Getty Images A home-made euro sign is attached to the tip of a Christmas tree in front of the European Central Bank (ECB) in Frankfurt am Main, Germany, on December 21, 2011. Might the world be witnessing the first…
Eurozone interest rates raised to 1.25% by ECB The European Central Bank has kept rates low for almost two years Global Economy ECB urged Portugal to seek rescue Q&A: Why is Portugal in trouble? Will the rate rise damage growth? EU austerity drive by country Eurozone interest rates have been raised to 1.25% from the…