Bailout Beat Goes On: Europe Faces Banking Crisis of Its Own
Perhaps it's time, he and other analysts say, for a more EU-wide approach to solving what is quickly becoming a pan-European problem. But with no central financial regulator in Europe, and a tendency by local politicians to focus on domestic financial and economic issues, any such solution is unlikely soon. The resulting irony could be that even though Old World institutions engaged in less of the risky lending that pulled down so many American ... Full Story »
Posted by Peter Barnett
