Friday, July 6, 2012

EURO Trouble Ahead

A Portuguese Court Just Threw A Wrench In Austerity Plans

Public sector cuts are unconstitutional.
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European banking superpower is no quick fix

FRANKFURT - The euro zone's plan to create an uber-watchdog to supervise its biggest banks requires unambiguous powers that many see as unrealistic, sets a highly ambitious timetable, and poses potentially dangerous conflicts of interest.  Full Article

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