European Tax on Financial Transactions Gains Support

European Tax on Financial Transactions Gains Support

The leaders of France and Germany may have their differences on the big question of the day — stimulus versus austerity. But they do agree on one thing — taxing financial transactions. Former French President Nicolas Sarkozy was hot on the idea of a small...
Spanish Austerity Savage to the Point of Sadism

Spanish Austerity Savage to the Point of Sadism

Nobel Laureate economist Joseph Stiglitz characterizes the Spanish bank bailout as “voodoo economics” that is certain “to “fail.” New York Times economic analyst Andrew Ross Sorkin agrees: “By now it should be apparent that the...
Europe’s Crisis and the Pain in Spain

Europe’s Crisis and the Pain in Spain

(Pictured: Anti-austerity protest in Belgium.) When the current economic crisis hit Europe in 2008, small countries on the periphery were its first victims: Iceland, Ireland, and Latvia. Within a year it had spread to Greece and Portugal, though the GDP of both...