EU governor to rule the Parliament in Greece

Greek officials have reacted angrily to a leaked German proposal for an EU budget commissioner with veto powers over Greek taxes and spending. The Greek government said it must remain in control of its own budget. The European Commission says it wants to reinforce its monitoring of Greek finances, but Greece should retain sovereign control.… Read More EU governor to rule the Parliament in Greece

The day the ruble plunged 51 percent

“Rapid privatization is the only way that can help avert complete disaster.” Belarus is headed for an economic “meltdown.” The ruble will need to drop another 51 percent as the former Soviet republic’s import-dependent economy is starved of foreign currency. This is according to Russia’s second- largest bank. The Belorussian central bank let the managed… Read More The day the ruble plunged 51 percent