Australia's in no danger of entering "a European-style debt quagmire", despite the hysteria from surplus fetishists and the conservative commentariat.
Warnings about "Eurovirus" are just the latest form of victimhood from the business lobby. Former Future Fund chairman David Murray's latest assault combines relevance deprivation syndrome, writes Bernard Keane and Glenn Dyer.
The latest bailout deal for Greece still faces serious hurdles, and is based on some heroic assumptions. Glenn Dyer and Bernard Keane report.
The collapse of the Greek economy demonstrates the bizarre logic of austerity -- the harder you cut, the further you fall behind.
The austerity mindset is now so deeply entrenched in the eurozone that its leaders appear in profound denial.
The deal brokered at last week's Brussels summit is unravelling as things go from bad to disastrous in Europe.
Europe's fiscal compact will address the next financial crisis, but leave the current one to get worse and worse. And the Brits have played themselves out of Europe.
Expectations are low for tonight's make-or-break summit in Brussels. Europe might reform itself, but fail to address the immediate crisis it faces, write Glenn Dyer and Bernard Keane.