currency

Greece Loses, EU Wins

The first round of the battle for the euro is over, and Germany has won. The whole European Union won, really, but the Germans set the strategy. Technically, everybody just kicked the can down the road four months by extending the existing bail-out arrangements for Greece, but what was really revealed in the past week …

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No Panic in Iran

10 October 2012 No Panic in Iran By Gwynne Dyer Iran’s currency virtually collapsed last week, and the public protests that followed in Tehran stirred memories of the massive anti-regime protests of 2009. This has caused excited speculation in the United States and its allies about the imminent fall of President Mahmoud Ahmadinejad, the abandonment …

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Another Euro Election

6 June 2012 Another Euro Election By Gwynne Dyer It’s probably the first time that events in Spain have decided the outcome of a Greek election. Last weekend the European Union agreed to loan Spain’s nearly insolvent banks 100 billion euros on relatively easy terms. Syriza, the hard-left protest party that came from nowhere to …

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