Why Italy will not follow the Greek road; Eurozone to change or unravel

the next Italian election is, very probably, to take place within the next few months or even weeks. Then, Berlin, the rest of Eurozone capitals and probably the entire western financial world will learn, if it’s still politically possible to ask just one country’s taxpayers to save an obviously faltering global financial system. The test […]

IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized

This year’s annual meetings of the IMF – World Bank Group in Washington D.C., which kicked off on Thursday 6 October, turned out to be an all out financial war of words between the United States and Germany. In the middle of it stands the battered Deutsche Bank. For a start, there was a confrontation […]

Tsipras imposes more austerity on insolvent Greece; plans to win new early election soon

On 9 July this newspaper predicted that the Greek Prime Minister Alexis Tsipras was adamant about keeping his country in the Eurozone. In order to do this the Sting foresaw that he was prepared not only to pay a dear price for a third bailout scheme (April 2010, June 2012 and July 2015) financed by […]

Greece’s future solely in the hands of Tsipras; he can direct the poor country any way he likes

Greece is obliged by today or the latest tomorrow Friday morning to submit to its Eurozone partners a new program with more severe austerity and deeper reforms, if the country wants to stay in the Eurozone. Alas, this is exactly the program the Greeks rejected last Sunday in a referendum. In case the Athens proposal […]

At last a good price for the Greek debt!

Greece and its Eurozone masters once more took by surprise  all and every financial market, by offering a generous buy back price for the country’s outstanding debt held by the private sector, mainly banks, pension funds and speculators. In more details on Monday 3 December the Greek debt management agency (ODHX) announced that Athens calls on […]

The world to teach Germans to…un-German

Italians and Greeks are trained tax dodgers for millennia now, while Spanish banks lately discovered how to usurp their depositors’ money. No wonder then why the three Mediterranean nations found it difficult to endure the Teutonic straight euro money jacket. As for the Portuguese and the Irish they both followed those Med attitudes and the […]