There are several things that you need to know about the eurozone crisis and Wednesday’s Summit agreement: It isn’t over. The European Monetary Union’s (EMU) “architecture” is a failure. They spent too much and can’t possibly repay the debt. Banks will need to be bailed out. They will print money. In order to understand the EU summit “breakthrough” we need to understand how the players in eurozone look at it. Last week a leaked confidential assessment of the problem that was prepared by the IMF was published by Linkiesta’s Fabrizio Goria. The document revealed the IMF’s private assessment of Greece and the ... (full story)