Things are not getting easier for Papandreou as his crisis stricken government is said to be on the moves to oust him as prime minister and replace him with current finance minister, Evangelos Venizelos. Even though Papandreou survived the confidence vote at 153 to 145, he is a divisive figure incapable of uniting the nation […]
Read MoreThe bankruptcy of MF Global is revealing some interesting stories surrounding the collapse, namely, that the firm is guilty of using its clients’ money to finance its own trades, a big no-no according to the SEC. MF Global, the securities firm under the direction of former New Jersey Governor and Goldman Sachs executive Jon Corzine, […]
Read MoreIn debt markets, size matters. This article proposes that the EU proceed with the creation of a large common market for their sovereign debt to rival the debt markets of Japan and the United States. It also says that the EU should do this with or without Germany, which begs the question whether the author […]
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