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The government in Madrid officially calls for bailout, but refrains from calling it so. By IAN TRAYNOR | UK GUARDIAN | JUNE 7, 2012 Spain is warning that Europe‘s single currency will unravel unless its leaders decide within weeks to centralise budget and tax policies in the eurozone and agree on a strategy to pool responsibility for failing banks. As Spain’s prime minister, Mariano Rajoy, came under mounting international pressure to accept ...Read full article...
DAILY BELL | MARCH 21, 2012 The meltdown explanation that melts away … Although our understanding of what instigated the 2008 global financial crisis remains at best incomplete, there are a few widely agreed upon contributing factors. One of them is a 2004 rule change by the U.S. Securities and Exchange Commission that allowed investment banks to load up on leverage. This disastrous decision has been cited by a ...Read full article...