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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Tag Archives: European Bank
Swan Lake – June 11
We are not discussing any proposal to exit the euro. The government is determined to avoid the materialisation of market conditions that push us towards an exit in any way. – Giovanni Tria, Italian finance minister, June 11 Italian and Euro … Continue reading
Quote of the Day: EU Policymakers on Hopium
The primary strategy being pursued to prevent a further worsening of the situation is that of hope. And it is a strategy also being applied to the danger of further contagion. Greece, Ireland, Portugal, Spain: So far, European leaders have … Continue reading
Posted in Black Swan Watch, Budget Deficit, Euro, PIIGS, Sovereign Debt
Tagged European Bank, European Debt Crisis, Hopium, Spain
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