Archive for September 12th, 2011

Larry's Blog

Germany’s Responsibility for the Euro Crisis

September 12, 2011

German officials and citizens have assumed the high moral ground since the start of the euro debt crisis in the autumn of 2009.  One can easily imagine their ire at learning that governments like Greece not only far exceeded agreed ceilings on fiscal deficits and debt in a chronic way since joining the European Economic […] More

New Overnight Developments Abroad - Daily Update

Greek Default Concerns

September 12, 2011

European and Asian markets experienced another extremely difficult session overnight, the focus of which was mounting speculation that aid to Greece will be halted and that Greece will then default and leave the euro zone, if not the EU.  The euro got whacked, falling to its lowest yen value (JPY 103.89) since June 14, 2001 […] More