Global News Journal

from Jeremy Gaunt:

Greeks on the street

February 13, 2012

Greeks smashing windows and setting fire to shops and banks in a fury of opposition to yet more austerity is gripping.  But it is hardly unique. A few years ago there were similar scenes for weeks after police shot a 15-year old schoolboy.  And back when I lived there, U.S. President Bill Clinton was treated to a similar welcome -- mainly because of his military assault on Serbia (a fellow Christian Orthodox nation) during the Kosovo conflict.

Europe can’t put out the blaze

November 8, 2011

If the world thought that Europe’s finance ministers were running in to put out the blaze spreading through Athens and Rome this week, it might come as a surprise to learn they still don’t agree on the size of the fire or how to deal with it.

from Jeremy Gaunt:

Democracy and Chaos are both Greek

November 1, 2011

It seems as if almost everyone was surprised by Prime Minister George Papandreou's decision to hold a referendum on the euro zone's bailout package for his country. At the very least, it can probably be said that he is weary of being hammered from all sides --  his own party, the opposition, the people on the street, Germany, the tabloid press, you name it.

Life no paradise in EU’s outer regions

By Andrea Swalec
June 4, 2010

The Caribbean island of St. Martin, a member of the European UnionTimes are hard in distant corners of the European Union, even when the sun is shining and the euro zone’s debt problems are thousands of miles away.

Angela Merkel’s “read my lips” moment

May 31, 2010

    Angela Merkel has already abandoned plans to pursue billions of euros in tax cuts next year — the central policy pledge of her 2009 election campaign and main plank of her 7-month-old coalition agreement with the Free Democrats.

EU squabbles feed market frenzy

May 25, 2010
Jose Manuel Barroso

Jose Manuel Barroso

  The European Union can rarely have been more in need of a
show of unity than now, as it tries to convince financial
markets it can handle the euro zone’s debt crisis.

Germany’s euro-zone bind

May 19, 2010

Whichever way you look at it, Germany is in a bit of a quandry.

For the past 11 years, since the launch of the euro single currency, Europe’s biggest economy has enjoyed steady current account surpluses as it has exported its manufactured goods around the world, while keeping labour costs down and productivity steady at home.

Who do you call to speak to Europe?

May 17, 2010
Obama on the phone

Obama on the phone

Who do you call when you want to speak to Europe? The question, long attributed to Henry Kissinger, has yet to be answered convincingly by the 27-country European Union.

Playing with inflated numbers

May 12, 2010

Most people would agree that the European Union and the euro single currency are part of a grand political and economic vision. But at times they are also a bit of a numbers game.

Deja vu? EU ministers meet on Greece

May 9, 2010
Greek Finance Minister George Papaconstantinou kisses French counterpart Christine Lagarde

Greek Finance Minister George Papaconstantinou kisses French counterpart Christine Lagarde