European Central Bank Covers Up Fraud

The European Central Bank is refusing to release details about the fraud Greece committed on the other members of the European Union.

The European Central Bank refused to disclose internal documents showing how Greece used derivatives to hide its government debt because of the “acute” risk of roiling markets, President Jean-Claude Trichet said.

Will Germany pull out of the Euro common currency?

German Chancellor Merkel has rejected calls for an EU-wide tax to prop up failing states.

"I am against the introduction of a European tax," Merkel said after talks with Belgian caretaker premier Yves Leterme, whose country chairs the EU until the end of the year.