CORRECTED-WRAPUP 1-Italy under fire in widening euro debt crisis | Reuters

CORRECTED-WRAPUP 1-Italy under fire in widening euro debt crisis | Reuters

Italy as bad as Spain? Man this slow-motion collision is not fun to watch.

The draft Eurozone plan — Marginal Revolution

The draft Eurozone plan — Marginal Revolution

Wow, this is disastrous. I'm not sure what to think about this. Must be a good way to bet on the dissolution of the Euro.

Rudderless EU: Chancellor Merkel's Dangerous Lack of Passion For Europe - SPIEGEL ONLINE - News - International

Rudderless EU: Chancellor Merkel's Dangerous Lack of Passion For Europe - SPIEGEL ONLINE - News - International

When I heard about Kohl's criticism a few days ago I just heard some sour grapes about the next generation. However, this morning I thought that this is the gist of the Greek crisis. Does Merkel want a unified Europe? The answer is no, not if it costs too much.

I don't think any of her actions over this crisis have reassured markets. She's only thinking about elections (as most politicians do). However she's showing a remarkable lack of leadership for the European Project. If you were trying to slowly dissolve it, she's doing a pretty good job. If I were a betting man, I'd say Greece is and the Euro are in serious trouble as long as Merkel keeps up her schtick.

Political Animal - Brooks blasts the ‘Gods of the New Dawn’

Political Animal - Brooks blasts the ‘Gods of the New Dawn’

http://www.nytimes.com/2011/07/19/opinion/19brooks.html?src=recg

This "Gods of a New Dawn" fits the modern GOP. In it I see what has happened in Wisconsin and Governor Scott Walker. The GOP has won a traditionally moderate to progressive state with the familiar Tea Party/Conservative bent. They try to implement their world view and all hell breaks loose. This works in the South, but is fought everywhere else.

The GOP want to do this nationally. That's the plan. I'm not sure that it is a good way to govern, but that's what they want. The continued Southern Fried GOP rolls on with consequences for the rest of the nation.

Guide to Writing About Greece For People Who Can’t Bear To Write About Greece

Guide to Writing About Greece For People Who Can’t Bear To Write About Greece

Too much :)

FT Alphaville � The French proposal

FT Alphaville � The French proposal

Brady Bonds for Greece looks like it's gaining momentum. I'm still stunned by the fact that "austerity" is the new black. It was conventional wisdom that getting out of economic crisis was "pump-priming." We had made the mistakes of austerity during the Great Depression. Yet here we are again. The disgrace of the fresh water economists and the smart guys in Europe is that they make the same mistakes again.

DER SPIEGEL 25/2011 - Inhaltsverzeichnis

DER SPIEGEL 25/2011 - Inhaltsverzeichnis

End of the Euro?