by News Sources
12.15.2011
The Guardian reports: The world risks sliding into a 1930s-style slump unless countries settle their differences and work together to tackle Europe’s deepening debt crisis, the head of the International Monetary Fund has warned. On a day that saw an escalation in the tit-for-tat trade battle between China and the United States and a deepening [...]
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by News Sources
11.09.2011
Larry Elliott writes: Financial markets rallied last week when the Greek prime minister, George Papandreou, announced he was dropping plans for a referendum on the terms of his country’s bailout. Bond dealers liked the idea that the government in Athens could soon be headed by Lucas Papademos, a former vice-president of the European Central Bank. [...]
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