Credit Writedowns
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The four most surprising things about the European bank stress tests
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Full Text: Moody’s downgrades three large French banks’ long-term ratings
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The only real solution to the European debt crisis is credit writedowns
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News Links: Is Denmark on Verge of Icelandic Style Crash?
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Draghi Turns On Spigots, but Still a Drag
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Michael Hudson on the erosion of democracy
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Worrisome Signs
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Key Disagreements at Late Stage Weighs on Euro
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Europe’s Transition From Social Democracy to Oligarchy
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Debt and Democracy: Has the Link been Broken?
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