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...]

Nationalists win big in election

The different countries that constitute the European Union held elections on Sunday for the European parliament.  Political parties that oppose the European Union won big, taking over a third of the parliamentary seats.  The winners included anti-immigration parties, traditional conservatives, and even neo-Nazi groups.

How do you account for this apparent rise of nationalism in a supposedly globalist and cosmopolitan era?  What does this mean for the United States?  Do you see any potential problems that this could bring?

[Read more...]

The right to be forgotten

The highest court of the European Union has ruled that Google and other search engines must allow individuals to request that links about them that appear in searches be deleted. [Read more...]


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