Wall Street has often been criticized in recent weeks the inability of Europe to overcome the economic difficulties caused by the collapse of U.S. financial institutions in 2008.
European firefighters accused of lacking effective when we are the arsonist is a position a little easier but seen from different 48H ‘sherpas’ to the euro zone to add fuel to the fire while the winds blowing at 150km / h, it’s still a shame
Europe does not even seem able to oppose any ‘survival reflex’ face of speculative attacks that plague because of lack of governance in the Greek case.
While the Euro and the sovereign debt of the Old Continent are buffeted in a storm, one of the lieutenants of the ship ECB leaves the ship a few months after the resignation of Axel Weber, who had sensed how much commitment the impasse Europe without collective will to confront the issue of deficits.
The European vessel was apparently more rudder and no one on the bridge of ‘G8′ has a clue about strategy.
Seen from London, all now seem plausible assumptions: an eviction from Greece, one out of Germany that do not want to pay for others, a collapse in the eurozone by domino effect with Italy spiraling out of control and causing France and then Spain in its wake. Never Eurozone ‘fashionable Maastricht’ has emerged as a building ‘lousy’ with a true ‘culture clash’ between the Nordic and Mediterranean (France’s is now part if we judge by the level reached by the CDS
