By: Edward
This article from The Economist sounds substantially more positive than yours. http://www.economist.com/blogs/charlemagne/2012/10/eu-summit-1 “TONIGHT I have confirmation that the worst is over.”...
View ArticleBy: Foppe
So? EU officials and elected representatives have never exactly lacked confidence. So why is this noteworthy?
View ArticleBy: Sean
That is laughable. The countries are still broke. If they agree on anything that will make internal politics of each country more unstable.
View ArticleBy: The Dork of Cork
Who can not say the EU experiment was planning this from the very start. ? Looking back at it now – their machiavellian efforts to crush the nation state concept from all angles and all spheres of...
View ArticleBy: Aussie F
The technocrats fiddle while Rome/Athens/Barecelona/Dublin burns. The people…? Let them eat braised veal. The gap between the european public and its putative leaders has never been wider. Europe’s...
View ArticleBy: surfwalker
Make no mistake, there will be a banking union. Clumsy plodding, almost in self-parody, is the European way. Literally nauseating.
View ArticleBy: Susan the other
Greece borrowing money to buy back its own bonds which are now discounted 50%. That will achieve the right loan to GDP ratio for more bailout money from the ECB. The ECB doesn’t have the money to loan...
View ArticleBy: Susan the other
Oh right. These are all assets whether Greek bonds or Spanish mortgages. And after this discount cycle the assets can be offered up again to the CDS holders at killer prices, discounted even more....
View ArticleBy: Susan the other
Just curious. Will the ESM oversee 6000 banks in a private banking EU-wide network which will also have 15 or 20 “systemically important” banks? Or maybe 27. I think I can see fiscal politics sneaking...
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