The U. S., which seems involved with all world issues should probably focus with its EU allies on assisting in the needed solutions, much more meaningful to America and its people than all the Middle East and other wars we are fighting. Helping the EU will also be less costly than the various expensive warrior activities.
With one exception all of the Portuguese banks including Caixa Geral, the government owned bank, are technically bankrupt and insolvent.
We have often written of the difficulties of the Eurozone Banking System (See China? Oil prices? Saudi Arabia? Iran? Why Volatility? The Grand Surpise Part Two, January 12th 2016, Octavian…
I read with interest a Bloomberg article entitled “Italy Could Spark European Bank Crisis.” The article quotes Societe General Chairman Lorenzo Bini Smaghi as saying that “governments must accept…
“Britain’s exit from the European Union is of less significance than the economists have contemplated” at least for the UK. The economic pundits, always in sync with the status…
Britain’s exit from the European union is of less significance than the economists have contemplated. The greatest impact will be on the EU itself. The UK will not lose…
