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But while most conspiracy theories are overblown, some experts believe there is at least some kernel of truth to them. "They are correct to say there has been massive short-selling against the euro," says Iain Begg, an associate fellow at the London think tank Chatham House. "Speculation is what...

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 »

Thaksin, who recently claimed in a newspaper interview that he was down to the last $100 million or $200 million of his fortune, though he has an unknown amount of money stashed overseas, had urged his supporters earlier Friday to accept the court's decision, whatever it might be. He...

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

Thaksin's opponents, called the "Yellow Shirts" for their preferred garb, seized Government House, where the Prime Minister's office is located, and New Bangkok International Airport in 2008 as part of their efforts to oust the elected Thaksin-allied government, which they believed was preparing to dismiss all the...

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

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