Historically, low oil prices have been perceived by many as an overriding positive for the economy.
Memory is selective and therein lays an explanation for some of the deep animosity between Berlin and Athens in the current debt crisis that has shaken the European Union (EU) to its foundations.
Bitcoin, a peer-to-peer digital currency, operates without the involvement of traditional financial institutions and provides a direct digital alternative to physical currencies and commodities.
Myths are dangerous because they rely more on cultural memory and prejudice than facts. And behind the current crisis between Greece and the European Union
The costs and risks of maintaining the eurozone system are already immense and rising. So is an exit possible? Intuitively, the exit from the euro should be as easy as the entrance.
It is a truism to say that democracy began with the Greeks – less so to say that it originated in popular rebellion against debt and debt-bondage.
The problems of the eurozone are ultimately malinvestments. In Greece these days the struggle continues about who will ultimately foot the bill for these investments.
With a 50 percent haircut recently given on the Greek sovereign-debt question, investors are increasingly asking what the real risk of sovereign debt is.
Europe has always been a rather tenuous concept. A rump continent, Europe represented the barbarous hinterlands for the Greeks and Romans.
I am a simple citizen, this is why, when writing these lines, I ignore whether this text will reach my other co-citizens in Europe. It is a letter in a bottle.