Europe’s Banks next Global Worry

Europe's banking system is in far worse shape than the US system. The losses may be bigger, and their capital to meet those losses definitely is insufficient. Europe's banks have been much more aggressive in...

The Drain is in Spain

You may think of the sewage pipes that are broken, releasing raw sewage in the sea close to the beach, now that should be easy to repair. The drain in Spain is meant economically and globally a ‘drain’ no one...