Worldcrunch
GREECE APPROVES THIRD BAILOUT After what the newspaper Kathimerini describes as “a tempestuous night of debate,” Greek lawmakers this morning approved the deal reached with international lenders for a third Greek bailout. It will now go to the Eurozone’s finance ministers, who are due to meet later today, and all eyes will focus on the […]
CHINA DEVALUES YUAN AGAIN China’s central bank stunned global markets by cutting the yuan’s value against the dollar for a second day in a row, this time by 1.6% after deciding on a 1.9% devaluation Tuesday. It’s yet more evidence that the country’s economy may be in a worse state than the government claims. As […]
Banks are back, the stock market has reopened and all economic signs (including the banks and stock market) are disastrous. Normalcy has returned to Greece! The more serious truth is that the deal signed last month by Greek Prime Minister Alexis Tsipras — which includes new austerity measures in exchange for a third bailout to […]
In the wake of the showdown over the Greek debt crisis, Germany has wound up in the role of European bad guy. Germans ask if there’s a way to make things better.