"The European Central Bank has dramatically changed its tune over the last twenty-four hours as the credit freeze worsens, acknowledging for the first time that the world faces the gravest crisis since the Great Depression," says Ambrose Evans-Pritchard in the Telegraph today. Europe is finding itself up to its collective neck in financial problems...
Posted on The Waendel Journal.
Wednesday, 8 October 2008
Europe superpower ambitions fade
