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Last month, Greek Prime Minister George Papandreou blamed his country's economic meltdown on "an attack on the euro zone by certain other interests, political or financial. We are being targeted, particularly with an ulterior motive or agenda." And according to Spain's El Pais newspaper, agents at the country...

Author: /time Magazine | Title: What Caused the Euro Crisis? | 2/26/2010 | See Source »

Nor is there just one alleged plot involved. The colorful Greek Deputy Prime Minister Theodoros Pangalos this week claimed that the Nazi theft of Greek gold during World War II was to blame for the country's ballooning deficit, which has shaken investors' confidence in the euro, causing it to...

Author: /time Magazine | Title: What Caused the Euro Crisis? | 2/26/2010 | See Source »

Thaksin Shinawatra, the billionaire telecom tycoon who served as Thailand's Prime Minister before being ousted in a military coup, may be a billionaire no longer. On Friday, Thailand's Supreme Court ruled that the government could seize $1.5 billion of the fugitive politician's $2.3 billion in frozen assets...

Author: /time Magazine | Title: Thailand's Ousted Leader: A Billionaire No More | 2/26/2010 | See Source »

The majority decision, at once stunning yet expected, was the highest-profile corruption case ever to come before a Thai court and one of the most controversial. The ruling risked further fracturing Thailand's already deep political divide between those who back the ousted Prime Minister and his opponents. Police...

Author: /time Magazine | Title: Thailand's Ousted Leader: A Billionaire No More | 2/26/2010 | See Source »

In its ruling, the Supreme Court found that Thaksin had abused his power as Prime Minister by issuing executive decrees that gave his company, Shin Corporation, hefty tax breaks and tax holidays, among other actions, thereby decreasing the revenue it shared with the state for its telecommunications concessions. The court...

Author: /time Magazine | Title: Thailand's Ousted Leader: A Billionaire No More | 2/26/2010 | See Source »

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