Iceland's Pain Provides the Path
Another Monday, another rocky day in the equity markets as Europhobia again dominates the global financial psyche. And why not? Friday's summit produced a little progress, but not nearly enough to declare the crisis over.
Meanwhile, Bloomberg reports a sort of bank run as European companies move cash to Germany "just in case," and the U.K. Telegraph reports banks are running out of good collateral against which to borrow. Oh, and the Bundesbank is fighting the latest idea to have the IMF bail out the PIIGS....320 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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