Europe's financial crisis has hardly begun. The loss of $500 billion by Europe's banks into the US Sub-prime fiasco is only the starter as far as the full picture is concerned. Europe's banks have also been shovelling out loans into the hands of dubious borrowers for a decade or more - impecunious third word regimes. Now the downturn has struck ...
Posted on The Tap Blog
Friday, 5 December 2008
Eurozone Black Hole Coming Into View
