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[My Offshore Accounts] European Central Bank Optimistic About Economy | My Offshore Accounts: Loans from the European Central Bank have been crucial for the euro zone’s weaker banks, which are concentrated in the countries with the weakest economies, like Greece and Spain. Eurostat said Greek economic output fell 1.5 percent in the second quarter compared with the previous quarter.

[Max Keiser] Bernanke, Trichet Economic Paths May Diverge at Jackson Hole: “Trichet’s optimism and Bernanke’s caution could strengthen the euro against the dollar, said Julian Callow, chief European economist at Barclays Capital in London. The dollar slid 0.5 percent yesterday in New York to $1.2719 per euro.”

[Avila Capital Markets's Blog] (NY Times) German Surge Pushes Growth in Europe Above Forecast ...: The euro-area economy grew 1 percent in the second quarter, a much better rate than had been expected, as Germany’s best quarterly performance since reunification compensated for slow growth in Spain and Italy and a sharp decline in Greece, according to data released Friday.

[DealBook] Europe Refuses to Be Rushed on Regulation - NYTimes.com: A factor undermining the chances of a blocwide ban on short-selling is the position of the British government, which generally opposes measures that could jeopardize London’s status as a global hub for the financial services industry. Many London-based bankers and economists say volatility on European markets simply reflects the failure of governments to cut deficits.

[A Fistful Of Euros » A Fistful Of Euros] No borrower solidarity | afoe | A Fistful of Euros | European Opinion: (See “Anatomy of a Euromess” Feb. 8, 2010 in his NYT blog, and “The real reason for the euromess” in the Guardian Feb.15, 2010, with the subtitle “Greece and other European nations are in trouble because policy elites pushed the continent into adopting a single currency”.

[Dealbreaker] (Prematurely) Grading The Bailout « Dealbreaker: A Wall Street ...: In the wake of the worst single day performance on the Euro stage in recent memory for the Dollar, you might sit up and take notice. Of course, an injection of $700 billion is going to impact the dollar however you do it, so I say ignore the European foreign exchange nerds all together.

[IZA Discussion Papers] Foreign Labour Migration and the Economic Crisis in the EU ...: 2009 compared to the previous quarter, while the growth rate for the Euro zone was 0.5 percent in the same period. During the recession period, the world's third largest export-economy has experienced a deep decrease in its amount of .

[VoxEU.org: Recent Articles] Output revisions and the stimulus debate | vox - Research-based ...: Reconstructing counterfactuals of structural fiscal balances using 2008 beliefs on potential growth instead of the new vintage of potential GDP estimates, we show that potential GDP revisions can flip around fiscal policy assessment and be misleading about the actual degree of fiscal tightening.

[The Becker-Posner Blog] Europe's Long-Term Economic Woes””and America's - The Becker-Posner ...: individualism, with related notions such as self-reliance, freedom to fail, entrepreneurship, the “self-made” man, and the Horatio Alger story do not grip the public imagination of many Europeans. Government in Europe employs a higher percentage of the working population and engages in more redistribution of income, resulting in high taxes to fund retirement at earlier ages than in the United States, generous pensions and family leave, unemployment benefits generous enough to discourage work, and medical care.

[DealBook] Doubts on European Central Bank Amid Crisis - NYTimes.com: Amid signs that some fretful deposit holders on Europe’s troubled periphery are moving their money to presumably safer German banks, fears are spreading on trading floors from Hong Kong to Frankfurt to New York that Europe’s central bank and its 16 backer nations might not be able to stem a classic bank panic, Landon Thomas Jr. writes in The New York Times.

[Pajamas Media] Pajamas Media » What Would a Euro Collapse Mean for the United States?: Don’t be such an alarmist;Dhimnis don’t fight , they submit;they’re too sophisticated to fight;that’s left to cowboys and other uncouth Americans,who will NOT ever again fight for Europe.The European drunken spree is over,and the hangover will see a Muslim volkerwanderung convert your churches to mosques,your children into slaves,and cast your post modern welfare state post modern”culture” into the garbage heap of history.We are next,and it will be fun to see whether American exceptionalism really exists, or was just a wishful thought in the mind of American consevatives.

[Reports - The Heritage Foundation] U.S. Relationship with Turkey: Advancing the Strategic Partnership ...: On March 4, 2010, the House Committee on Foreign Affairs approved a resolution condemning the World War I slaughter of Armenians as genocide.[14] Prime Minister ErdoÄŸan angrily called for the expulsion of Armenians from Turkey and recalled Turkey’s ambassador from the U.S. for consultations.[15] The resolution would require President Obama to use the term “Armenian genocide” to refer to the World War I mass killings of Armenians by the Ottoman Empire, which the executive branch has thus far resisted. U.S. Secretary of State Hillary Clinton has said that the Obama Administration will work hard to make sure that the resolution does not come up for a vote before the full House of Representatives,[16] but Turkey’s behavior may make this impossible.

[Swampland] A Senate Standoff Continues - Swampland - TIME.com: Small differences in initial conditions (such as those due to rounding errors in numerical computation) yield widely diverging outcomes for chaotic systems, rendering long-term prediction impossible in general.[1] This happens even though these systems are deterministic, meaning that their future behaviour is fully determined by their initial conditions, with no random elements involved.[2] In other words, the deterministic nature of these systems does not make them predictable.[3] This behavior is known as deterministic chaos, or simply chaos.

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