The Euro Bailout Plan Does Not Solve the ProblemThe bold measures taken by the Eurozone countries, the IMF and the US are to be applauded only in that the plan buys time for the restructuring of the Eurozone. It provides adequate liquidity in the near-term, and from the European perspective, is unorthodox indeed. By allowing the European Central Bank to buy [...] [ Continue Reading.. ]Is German Chancellor Merkel Right When She Rails Against the Fed and Other Central Banks?As you may have read, in an unexpected public statement, German Chancellor Angela Merkel complained about how the Federal Reserve, the Bank of England and the ECB have handled the unprecedented financial crisis we have been suffering since 2007. Her main complaint, and she is not alone, is that the central banks are bowing [...] [ Continue Reading.. ]
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