‘EU Leaders Are Staring at Markets Like Rabbits at a Snake’

French President Nicolas Sarkozy and German Chancellor Angela Merkel have made sweeping promises in recent months. The results, however, have been meager. Now the two are demanding a swift recapitalization of European banks. German commentators aren’t buying it.

The euro crisis is escalating again, with growing concern that a looming Greek insolvency could trigger a new banking crisis. Furthermore, apparent divisions between France and Germany on the recapitalization of banks have unsettled investors and there are widespread concerns that Slovakia will block the expansion of the euro bailout fund in a parliamentary vote due later on Tuesday.

Read

Advertisements

About Giorgio Bertini

Director at Learning Change Project - Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
This entry was posted in Banks, Crisis, Debt, Default, Euro, Europe, Financial crisis and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s