European Union

First Greece, Now Spain?

At the end of 2011, the Long-Term Refinancing Operation (LTRO) brought a modicum of stability to financial markets in Europe. When coupled with the “orderly” default of Greece, the situation…

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Europe’s $39 Trillion and Growing Pension Problem

With France and Austria being the latest countries downgraded by Standard and Poor’s, from AAA to AA+, it doesn’t help that Europe has a $39 trillion and growing pension problem.…

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A quick guide to the Greek crisis

With Greek debt averaging 30,000 euros in a population of 11.3 million, Greek labor unions calling for massive strikes to protest cuts to wages and pensions, and enough blame going…

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