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;

Related posts:

  1. BBC Report: ABCs of Greece Economic Problems
  2. Morning Musings: 2011-08-09
  3. Blame Them Shorts, You Morons!
  4. Nigel Fagare Rips EU on Euro Crisis
  5. Financial Markets: What is Happening?