Merkel's Plan to End the Euro

Whatever political settlement the Lisbon Treaty created to allow for the permanence of the euro is about to change. Chancellor Merkel will propose a significant change in the existing treaties, which will finally allow Greece and perhaps others to leave the euro but not the EU, and likely bestow …

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Written by Jeff Cimbalo on Monday November 14, 2011

The New Threat from Europe

img class="alignnone size-full wp-image-106896" title="EU" src="/files/wxrimport/2011-11/eu2.jpg" alt="" width="410" height="273" />

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Written by David Frum on Monday November 14, 2011

The G-20 Summit's Abject Failure

The G-20 summit failed utterly to secure any resolution of the eurozone’s economic crisis. Yet two decisions were taken that may at some future point contribute to a solution: First, the G-20 agreed to continue to consider increased involvement of the International Monetary Fund to stem the …

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Written by Jeff Cimbalo on Saturday November 5, 2011

It's Germany's Mess as Much as Greece's

In my column for The Week I argue that Germany bears a lot of responsibility for creating the current European debt crisis: The other day, a financial friend repeated a joke. "A Greek, an Italian, a Spaniard, and a German walk into a bar. Who pays? The German of course …" Bzzzt. Let's …

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Written by David Frum on Wednesday November 2, 2011

Don't Praise the Greek Debt Deal

Whether today’s announcement that holders of Greek sovereign debt have agreed in principle to a 50% haircut on the face value of the instruments raises some critical questions. On the surface, with the notion of first-loss guarantees of new debt taking shape, this addresses the problem of …

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Written by Jeff Cimbalo on Thursday October 27, 2011