Obama threatens Great Britain if it leaves the EU

Great Britain is getting ready to vote on whether or not to exit the European Union, a cause that is going by the name “Brexit.”  Though surely whether or not to do that is the business of the British people, President Obama has weighed in on the matter.  

During his visit there, he went so far as to threaten the British that if they leave the EU, they would be “at the back of the queue” for any trade deals.  Threatening a nation’s economy if they do not bend to our will is essentially what the Saudi Arabia leadership did to the United States, to the general outrage of Americans.  Now the Brits are similarly outraged at Obama.  See the London Daily Express story after the jump. [Read more…]

Great Britain will vote on leaving the European Union

The United Kingdom will hold a referendum on June 23 on whether or not to remain in the European Union.   They are calling it “Brexit,” a mash-up of “Britain” and “exit.”   [Read more…]

Greeks accept austerity after all

The Greek government accepted the austerity it had opposed and the people had voted against, taking the terms of the European Union bailout. [Read more…]

Greeks vote “No”

Greeks voted “no” on a referendum on whether they should let their economy get bailed out at the price of austerity measures.  Now we’ll see what this will do to the Greek economy, to the Euro, and to the European Union.   (Not to mention the rest of the world’s economy, including that of the U.S.A.)  The Greeks started what would become Europe.  Now they just might take it out. [Read more…]

The euro and the fall of Greece

The people of Greece will vote Sunday on a referendum on whether or not to accept the austerity measures that would accompany a bailout from the rest of the Eurozone.  The Greek government is recommending voting “no” and just letting the economy collapse.  Catherine Rampell explains how Greece–and Europe–got into this mess, making use of the predictions of the late free-market economist Milton Friedman, who is being proven right, as usual. [Read more…]

Greeks reject austerity

The economy of Greece has been a basket case, with a national debt that is more than the gross national product, leading to a European Union bailout that has imposed an “austerity” program of slashed government spending, higher taxes, and lower wages.  But now the Greeks have voted to end the austerity, going so far as to elect a communist as Prime Minister who is demanding that Germany forgive its debts. [Read more…]


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