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Posted by on Feb 10, 2010 in Europe, In The News, TG Roundup

BBC Report: Is Euro Crumbling?

The problems in Greece have exposed structural problems associated with Euro as a currency. Several parallels are drawn between Greece and Bear Sterns: Greece problems are to sovereign debt as Bear Sterns problems are to mortgage debt. I am watching this unfolding crisis with disgust over two things: a) Wall Street corruption that has a lot to do with all these structural imbalances; and b) utter incompetence of US law makers and regulators in curbing the Wall Street corrupt practices;