Whenever a central bank cannot provide direct, overt assistance to a specific insolvent investment bank or government, not to worry, a central bank can still provide indirect, covert assistance.
January 9th, 2012 | Eric J. Fry | 4 comments | ContinuedAll Posts Tagged With: "european government"
Why Europe’s Fiscal Integration Still Spells Financial Doom
Financial markets will tell you whether private investors believe greater “fiscal integration” is the long-term answer to Europe’s debt problem. We can save you the trouble and tell you the answer now: Europe is still doomed.
December 12th, 2011 | Dan Denning | 5 comments | Continued
Will European Governments Tighten Up?
All eyes are on Europe. If the European governments can pull off a save…well, we’re all saved. At least for a few weeks. Maybe through the holiday season.
December 7th, 2011 | Bill Bonner | 0 comments | Continued
European Governments of the Eurozone are Separately Responsible for Their Euro-debt
About a year or two ago, I expressed a doubt that the euro could survive a major shock, such as had repeatedly occurred in the Europe of the twentieth century. I mentioned the two World Wars, the Russian Revolution and the Great Depression as three events which would probably have led to a break up of a single European currency…
November 6th, 2008 | William Rees-Mogg | 2 comments | Continued
