Accuracy in Media

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

The anti-austerity party in Greece named Syriza won the election and now puts the entire European Union (E.U.) currency zone, the eurozone, at risk. The left-wing party may be joined by a right-wing party to form a coalition government and oppose the E.U. bailouts.

The entire eurozone system could be thrown into chaos, some say, if the left-wing political party wins the upcoming election.

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 — Lithuania expects they will be joining the European Union eurozone (the economic bloc using the euro has their main currency), even with their budget deficit higher this year than their original forecasts. Reuters reported that they aim to join the eurozone by 2015 and the main qualification is that its deficit cannot exceed […]

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 — As re-election season approaches, British Prime Minister David Cameron is facing an uphill battle in the face of steep opposition. Reuters reported that Cameron, a Conservative, is not polling well in British areas where an anti-European Union party split his valuable center-right coalition voters. Even with his main opposition, the Labor Party, in […]