German Chancellor Angela Merkel holds a speech on June 15 in Berlin during a conference organized by the German Foundation for Family Businesses. Head of the region's strongest economy, Merkel and her government hold most of the cards in the ongoing reforms to the eurozone.
William Greider is a national affairs correspondent for The Nation.
Americans are clucking righteously over the financial mess in Europe, acting alarmed but privately finding pleasure in the other guy's misfortunes. Poor, poor, pitiful Europeans. Why can't they be more like us? American punditry assures us the end is nigh for the euro, with the slow-motion breakup of the European Union bound to follow. Now American politicians have someone to blame if the US economy goes off the rails. U-S-A, U-S-A, U-S-A.
President Barack Obama greets German Chancellor Angela Merkel as she arrives at the NATO summit on May 20 in Chicago, Illinois. Many economists and politicians worry a sputtering European economy could hamper an already fragile American recovery.
Originally published on Tue September 18, 2012 3:45 pm
With the current school year wrapping up and our thoughts turning to how to make next year even better, we're teaming up with our friends at From the Top to create "The Young Person's Guide to Making Music." All this week, we're tackling topics for music-loving kids and their families, from how to choose the right instrument to vanquishing the audition monster, with lo
Violence may be letting up for the moment in northern Nigeria, following two days of attacks by members of the violent Boko Haram militant group. Militants battled Nigerian police in the and military buildings in northeast Nigeria on Monday, with reports of gunfights and bombs in Damaturu, the capital of Yobe state.
There was a 7.9 percent jump in the number of construction permits issued to home builders in May, the Census Bureau says.
That increase boosted permits to a seasonally adjusted annual rate of 780,000 — the most since September 2008, The Associated Press adds. It's a signal that construction will be strong in coming months.
Iranian President Mahmoud Ahmadinejad delivers his speech under a portrait of Iran's supreme leader, Ayatollah Ali Khamenei on the eve of the 23rd anniversary of the Islamic revolutionary leader, Ayatollah Ruhollah Khomeini's death at his mausoleum in a suburb of Tehran on June 2.