-
Dithering Leaders Default to the ECB
If this summer has shown us anything, it is this: Europe’s leaders are unwilling, unprepared or unable to take the necessary measures to solve the continent’s financial crisis. More and more, it seems, the well- being of world markets rests with the European Central Bank. The latest developments in Greece, where a bailout package adopted in July is threatening to fall apart, make clear the danger of the piecemeal solutions that have been deployed so far. Austerity measures are deepening the Greek recession, lessening the government’s chances of paying its debts. European stocks are gyrating, and Italian bond ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 13, 2011 3:59am Sep 13, 2011 3:59am
- tranco
- | Joined Sep 2010 | Status: Member | 526 Comments
- Comment #2
- Quote
- Sep 13, 2011 4:37am Sep 13, 2011 4:37am
- hkg_paul
- Joined May 2011 | Status: Member | 1069 Comments
- Comment #3
- Quote
- Sep 13, 2011 5:10am Sep 13, 2011 5:10am
- tranco
- | Joined Sep 2010 | Status: Member | 526 Comments
- Comment #4
- Quote
- Sep 13, 2011 5:10am Sep 13, 2011 5:10am
- tranco
- | Joined Sep 2010 | Status: Member | 526 Comments
- Comment #5
- Quote
- Edited 11:12am Sep 13, 2011 8:25am | Edited 11:12am
- kwiblix
- | Joined Sep 2011 | Status: Member | 21 Comments