Europe Ponders Tougher Budget Rules

Europe’s finance ministers agreed last week to review each other’s national budgets in the future to prevent one or several member states from imperiling the stability of the common currency as happened in Greece this April. The move may end being a step in the right direction but little more than that. The finance chiefs […]

Europe Braces for Spending Cuts

While the Greek debt crisis and subsequent decline of the euro continue to worry investors around the world, the people of Europe are preparing for severe austerity measures, and not just in the troubled south. With hundreds of billions of euros pledged to stabilize the common currency, European leaders are forced to make major cutbacks […]

Saving the Euro

Bending the rules of euro management, European leaders and finance ministers agreed to an unprecedented effort to guarantee the stability of the eurozone with loans adding up to nearly $1 trillion (or €750 billion) this weekend. In spite of the multibillion euro rescue package previously pledged to Greece, investors continued to worry about the unsound […]

German Soldiers in Afghanistan Protest

Defense Tech reports that German soldiers in Afghanistan are silently protesting against the perceived ambiguity of their mission’s purpose by snapping up patches that read “I fight for Merkel.” The patches, technically illegal, are a big seller among German soldiers at Mazār-e Sharīf. The country’s ISAF forces have been hit hard in recent weeks, losing […]