The Euro Zone finance Ministers are now on their way home. There was no agreement to increase the size of the bail out fund nor to introduce a Euro zone bond. Germany opposed both. More important, if you want to look beneath the surface, is the number of German voters who want to quit the Euro, or […]
NATO Plans The latest Wikileaks contain an interesting plan for the defence of Poland and the Baltic states from a Russian attack. On the one hand this is just military preparedness for any eventuality. On the other it is stoking tension to no purpose. Russian military doctrine, though nervous of NATO encirclement, no longer sees […]
Euro Zone Bond This is the latest idea for bringing a more uniform approach to sovereign debt, supported by some countries but opposed by Germany. So that is that. Even more so, if non- euro members of the E.U. were to be asked to guarantee such a bond. There is absolutely no chance of the […]