Is France Too Big to Save? The Debt Crisis in the European Union
"Establishing a just and equitable distribution of mutually raised funds to bail out private sectors across borders will be politically almost impossible."
"Establishing a just and equitable distribution of mutually raised funds to bail out private sectors across borders will be politically almost impossible."
"...he embarks in negotiations with a superstructure nearing dislocation."
"Germany is the ultimate backstop for the EU. ... German sovereign bonds are beginning to break down."
"Boris Johnson’s penchant for new infrastructure schemes is to say the least, fortuitous."
"We don’t allow the EU to sell oil and gas licences in our territorial waters so why would we treat fishing access any differently?"
Carney was joined by former Bank of England Governor Mervyn King who recently warned that a “financial Armageddon” is looming unless central banks are permitted to unleash unbounded quantitative easing once more.