As another EU summit approaches May 23rd, “economic growth” is on the agenda, a reflection of shifting political will. Investors wonder if new European Union policy will emerge and save the euro zone while the crisis intensifies and conditions in Spain deteriorate. Will shifting political will create new EU policy? The European Union has been…Read More
Eurozone 2012: Integrate or Dis-integrate
On January 1st, German Chancellor Merkel said she will do “everything” to save the Euro and bring an end to the on-going European debt crisis. Global investors, weary, skeptical, and worried, wonder if the eurozone will survive another year. The eurozone was flawed since its inception. The Euro was established by the provisions of the…Read More
Is it time for the EU to accept a Greek default?
While EU leadership struggles to agree on policy to keep the eurozone intact, investors wonder if uncertainty in the financial markets will soon push the eurozone beyond the brink of political manageability into a global financial market panic. Everyone knows that Greece is teetering on default. Earlier this month, IMF President Christine Lagarde said…Read More