European Debt Crisis – Page 2 – Schirach Report

Greece Once Again Threatens Europe’s Financial Stability A possible new leftist government will reopen the debt reduction deals. This possibilty exposes the Eurozone's fundamental weakness

WASHINGTON – Greece is again in the news, and for bad reasons. Early elections (to be held on January...

The Greek Economy Never Recovered – Now It is Once Again In Crisis All the aid packages ($ 306 billion) fixed nothing. Sky high debt, unemployment at 26% and a collapsed stock market

WASHINGTON – We were told months ago that Greece, the ultra-sick member of the Eurozone, was essentially out of...

With Luck, In A Few Years Spain’s Unemployment Rate Will Go Below 20% In the "New Normal" of the economic decline affecting Southern Europe, this is good news

WASHINGTON – Talk about beating low expectations. Luis de Guindos, Spanish Minister of the Economy and Competitiveness, recently reported that...

Does The NATO Alliance Still Embody Western Values? Lukewarm political cohesion creates doubts about Western resolve within the Alliance and beyond

WASHINGTON – The NATO Summit in Wales is sadly yet another tired display of Western countries getting together and...

NATO Reaffirms Its Unity and Resolve – Yet Defense Budgets Are In Free Fall The Atlantic Alliance has become a talking shop. Without real resources, military capabilities are shrinking. A military alliance with no real armies?

WASHINGTON – “ we will send an unmistakable message: Today and in the future,...

In Our Economic “New Normal” Chronic Under Performance Is OK Both In America and in Europe societies are getting the message that slow growth is the best we can get

WASHINGTON – The most distressing outcome of the deep global recession of 2008-2009, and subsequent anemic recovery, is that...

The European Elections Prove That The Idea Of A European Union Lost Its Appeal — Long Ago The strong showing of far-right, nationalist and populist forces indicates that millions of Europeans would like alternatives

WASHINGTON – The results of the European Parliament elections simply reconfirm what most analysts should have already known: The...

Italy Cradle Of The Arts? Yes, And Today’s Center Of Corruption – The Worst In Europe The Italians feel ill treated by S&P because it failed to recognized its rich history. Well, how about its present, as the most corrupt country in Europe?

By Paolo von Schirach February 5, 2014 WASHINGTON – The Financial Times reports that Italian authorities have filed some...

Policy Makers Claim That Europe Is Finally Stable, Long Emergency Is Over – Not So Unless you believe that 12% unemployment and dismal growth are satisfactory, Europe has a long way to go. Unwillingness to consider any change to the EU membership

By Paolo von Schirach September 27, 2013 WASHINGTON – It is a sign of the times that listless Europe,...

The Bad “Lesson” of The EU Debt Crisis Is That There Will Always Be A Bailout Other underperforming European economies know that there is a safety net. But this creates no incentive to really improve the fundamentals

By Paolo von Schirach July 31, 2013 WASHINGTON – The situation in Europe turned from really dramatic into just...

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