Accuracy in Media

Milton Friedman > European Union. Friedman is a genius and wrote about the problems surrounding the adoption of the euro.

Looks like the Greeks will be pushed out sooner rather than later, if the euro zone economy does not get any better, says Reuters.

WASHINGTON — The great news put out by the international and liberal American news media has dissipated. Europe, which was seen as being on an economic rebound, has stagnated. Reuters reported that the euro zone, or where the euro currency is used, has had a flat unemployment zone this past month in August. This marked […]

WASHINGTON — Italy is facing yet another political crisis as a powerful former Italian prime minister had pulled out his political allies from the current government. Reuters reported that Italian Prime Minister Enrico Letta will meet with President Giorgio Napolitano to discuss their next move. Napolitano said he would dissolve parliament if it were the […]

WASHINGTON — Greece may not need another bailout, announced Greece’s deputy prime minister on Wednesday. Reuters reported that Greece does not require a third bailout package and could possibly cover its financial needs without requiring more outside funding. Evangelos Venizelos, who doubles as a foreign minister in the government, is confident that Greece will not […]

WASHINGTON — As the uncertainty of the recent German parliamentary elections take hold, the value of the euro currency dropped. Reuters reported that the drop in the value of the euro, which is the main currency of the euro zone (or the European Union countries that use it as their common fiat currency), is because […]

WASHINGTON — Although the European Union’s currency economy, the eurozone, is struggling, it looks as if the region’s optimism is improving according to an August report. Reuters reported that optimism increased in the eurozone when unemployment is at an unprecedented historical high at least in the weaker economies in the economic currency bloc. Survey results […]