EUROZONE TURMOIL: From the French-German meeting in Berlin, more blah-blah European-style summit gurgles; nothing new beyond, "We are aware of the seriousness and make progress to solve the crisis." How? Silence from Sarkozy and Murky.
Now there's an even greater likelihood of Greece soon to be removed from the eurozone.
Just how bad are things? European banks do not even lend to each other out of mutual (and justifiable) distrust. So they "invest" into German government bonds, even at negative interest rates [meaning, banks pay for lending money to Germany]!
Now there's an even greater likelihood of Greece soon to be removed from the eurozone.
Just how bad are things? European banks do not even lend to each other out of mutual (and justifiable) distrust. So they "invest" into German government bonds, even at negative interest rates [meaning, banks pay for lending money to Germany]!
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