If the ECB is truly crippled, incapable of playing its role as lender of last resort and unable to gaurantee European sovereign debt, what can be done? After all, as Burt Likko notes, a Eurozone failure would be a 1929-like disaster: epic in every sense of the word, hitting not just the Eurozone but the [...]
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by Erik Kain on November 29, 2011
It’s impossible to say exactly what might happen if the Euro collapses. The death of one of the most important currencies in the global economy is too disastrous a scenario for any of us to wrap our brains around. Debate over what’s to be done to save Europe and waylay whatever short-term collapse is in [...]
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The leaders of Germany, France and Italy are set for a debate about the European Central Bank’s role in region debt crisis and on how to align eurozone economic policies. It’s difficult to be thankful of the global economy this Thanksgiving, and nowhere is that more true than in the parts of the world that [...]
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The Euro rallied Friday, hitting its highest point since 2009. Meanwhile, finance ministers and central bankers of the world’s twenty richest nations, the G20, have called on Europe to find a solution to the European sovereign debt crisis in the next week, in time for the October 23rd EU summit. With Italy and Spain both [...]
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That’s what Wall Street trader Alessio Rastani says in this extraordinarily candid interview on the BBC. “This economic crisis is like a cancer,” he tells the host. “If you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late.” People are going [...]
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E.D. Kain is a blogger and freelance writer. Currently he serves as Editor-in-Chief of The League of Ordinary Gentlemen and writes a policy blog at Forbes. He can be found occasionally composing 140 character cultural analysis on Twitter. His writing has appeared in The Atlantic, The National Review, The Washington Examiner, and the now-defunct True/Slant.
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