Maybe the solution to the Euro crisis cannot be found in politics, economic, finances, but in soccer. The Euro 2012, taking place this month of June in Poland and Ukraine, has offered the opium needed to the peoples of Europe. The final four counts Spain, Portugal, Italy, and Germany, meaning that at least one of […]
Goldman Sachs, after being generously bailed out, is now leading the Wall Street pack in the Eurozone, in fragile economies , such as Greece, by engaging in the same types of complex financial transactions that precipitated the global financial crisis. This is further proof that more vigorous regulatory reform and transparency is required of large financial institutions.
The EU Council leaders were meeting this week to determine how best to prevent a default of Greek sovereign debt by common support. The council issued a statement of support with no details as talks continue.