-
-
"The European debt crisis is a reformation moment – the EU has overreached its power and now faces a crisis of legitimacy'
-
"Expect a great deal of shouting behind the scenes at the highest level in Frankfurt (where the European Central Bank has its headquarters) and in European capitals. Instability seems unavoidable. Significant inflation may follow, although first we will see serious recessions in the troubled European periphery, a ratcheting up of bond buying and repeated political crises."
-
-
-
-
-
-
-
-
-
-
-
-
-
"Troubled euro zone banks probably need more aggressive capital injections to get through turmoil caused by Europe's worsening debt crisis, top investors said at a Bloomberg Markets 50 Summit on Thursday."
-
"Investment bankers do not see it as their jobs to tend to the dreary business of making sure Ma and Pa Main Street get their $8.03 in savings account interest every month. Nothing about traditional commercial banking – historically, the dullest of businesses, taking customer deposits and making conservative investments with them in search of a percentage point of profit here and there – turns them on."