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Bush End Game
George W. Bush's presidency since 2007

Bush - Second Term
George W. Bush's presidency from 2005-06

Bush - First Term
George W. Bush's presidency, 2000-04

Who Is Bob Gates?
The secret world of Defense Secretary Gates

2004 Campaign
Bush Bests Kerry

Behind Colin Powell's Legend
Gauging Powell's reputation.

The 2000 Campaign
Recounting the controversial campaign.

Media Crisis
Is the national media a danger to democracy?

The Clinton Scandals
Behind President Clinton's impeachment.

Nazi Echo
Pinochet & Other Characters.

The Dark Side of Rev. Moon
Rev. Sun Myung Moon and American politics.

Contra Crack
Contra drug stories uncovered

Lost History
America's tainted historical record

The October Surprise "X-Files"
The 1980 election scandal exposed.

International
From free trade to the Kosovo crisis.

Other Investigative Stories

Editorials

Like the United States, the nations of Europe are suffering from the dramatic drop-off in economic activity.

Political economist William Engdahl says Italy is experiencing the worst economic crisis it has seen in 30 years, and the British economy is “falling off a cliff.” But the European situation is “differentiated,” depending on the exposure to the American toxic assets.

(The story summary continues below.)

In Europe, he says, “it is more an indirect knock-on effect of the United States financial meltdown.” He says the question now is whether the European Union is going to try and decouple its dependency on the U.S. dollar and begin to form regional currency blocks like many nations around the world are starting to do.

Engdahl is author of A Century of War: Anglo-American Oil Politics and the New World Order.

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