Over the next two years, Democrats have the unfettered ability to be an albatross around the neck of the GOP — and to make sure that what little they manage to get done due to their paper-thin majorities becomes the reason for their undoing.
European Stability Mechanism
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Handing Bankers a Win-Win, Eurocrats Authorize Bailouts – and Bail-Ins
The new deal may be illegal under rules of the E.U. Parliament, but it is being rushed through to lock taxpayer and depositor liability into place before the dire state of Eurozone banks is exposed.
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Global Power Project: Connecting Josef Ackermann, the Institute of International Finance and the Euro Debt Crisis
When the European debt crisis hit headlines in 2010, the Institute of International Finance was again on the scene and playing a major part, like it did during the 1980s debt crisis. At the center this time was the CEO of Deutsche Bank, Josef Ackermann.
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Depositors Beware: Bail-In Is Now Official E.U. Policy
E.U. ministers recently agreed on a plan that shifts the responsibility for bank losses from governments to bank investors, creditors and uninsured depositors. What might this mean if it happened in America as well?
