Sunday, July 29, 2012

The news is silent on developments.
We seem to be waiting while the markets gyrate.
There is not even the threat of a storm.
The Olympics are underway.

Spanish bail-out 'impossible’, experts warn

The firefighters of Barcelona take part in the mass rally against new austerity measures waving catalan flags with mounted fireworks like used by the traditional  
A full-blown sovereign bail-out of Spain would be economically and politically impossible and cost up to €650bn (£510bn), an in-depth study has warned.
28 Jul 2012
| 1 Comment

ECB president Mario Draghi to meet Bundesbank head

Mario Draghi, ECB President  
Mario Draghi, president of the European Central Bank, will meet the head of Germany's Bundesbank in an effort to gain support for his controversial bond purchase plan.
28 Jul 2012
| 29 Comments

Germany must decide if it wants to save the euro

German Chancellor and Christian Democratic Union (CDU) party leader Angela Merkel reacts before a party board meeting in Berlin, May 7, 2012  
Jim O' Neill: Berlin and the ECB hold the key to the future of the EMU.
28 Jul 2012
| 230 Comments

America's growth slows as consumer spending cools

New York taxi fares to rise  
America’s economy slowed in the second quarter as consumers chose to increase their savings in the face of a deteriorating jobs market.
28 Jul 2012
| 4 Comments
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