Greece is rescued, for now…maybe. Perhaps it’s time to move on to the next basket case. So, which of the PIIGS is the next Greece? For the moment, Portugal looks to be the front-runner. The country’s public-debt-to-GDP ratio is above 100%, and with a forecasted growth rate of -3.3%, its economy is shrinking at a […] … learn more→

British Prime Minister David Cameron’s decision to veto the new European Union agreement for greater financial stability in the Eurozone reminds us that despite the talk of greater European integration, the nation state is still very much alive and well. Odd one out The agreement, a Franco-German initiative, was meant to create mechanisms for greater […] … learn more→

During prostests in Rome last month, as groups of hooded protesters clashed with the police, set cars on fire, and smashed bank windows around the Piazza San Giovanni, two large speakers installed on a truck pumped a loud rap that obsessively repeated the same word: insolvenza (insolvency). Those who danced around the truck carried placards […] … learn more→