as europe threatens to implode, america shrugspolls suggest americans are shrugging off the eu threat to global recovery.europe needs deposit insurance scheme, economist rajan sayseurope needs an insurance plan for bank deposits that goes beyond national borders to head off bank runs fueled by fears of a change in currency, university of chicago economist raghuram rajan said tuesday.another reason europe’s in crisis? a high oil billwhy did europe go from bad to total horrific panic in the last year? there are all sorts of theories: weak growth, the impact of austerity, missteps by central bank bureaucrats. but here’s another scapegoat offered up by the international energy agency: europe’s soaring oil bill. read full article >>europe markets: europe stocks hit by greek fears; summit loomseurope stocks trade sharply lower on wednesday, with investors in a risk-averse mood ahead of a european union summit and in the wake of comments from former greek prime minister lucas papademos regarding a greek exit from the euro. |
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