DRAWING on OBSERVATIONS

Ball point pen on today’s newsprint

Germany is asking Europe’s biggest debtor nations: Greece, Ireland, Portugal and Spain to give up some independence in exchange for fiscal solvency.

Do you think their paying attention in Washington?

Ball point pen on todays newsprint

The Greek Finance Minister Giorgos Papakonstantinou announced that Greece has reached an agreement on the European Union’s rescue package. The package gives Greece a few years to restructure it’s economy and reign in public spending. Few are optimistic.

Ball point pen on the morning newsprint

All eyes are on the European Union. Mounting debt in some small member countries like Greece and Portugal are threatening the Union and causing European markets to free fall…Stay tuned.

Doodled from top to bottom: President of Greece Karolos Papoulias and President of Portugal Aníbal António Cavaco

Ball point pen on the morning newsprint

An upset Prime Minister José Luis Rodríguez Zapatero postponed the United States – European Union Summit, scheduled to take place in Madrid because of Obama’s decision not to show.