Single currency area must become a "United States of Europe" in order to secure its future, says manager of world's largest bond fund. By Szu Ping Chan The eurozone is "untenable" in its current form and cannot survive unless countries are prepared to cede sovereignty and become a "United States of Europe", the manager of the world's biggest bond fund has warned. The Pacific Investment[...]
Tag: Italy
France, Germany, Italy to Join China-Led $50bn Infrastructure Bank
France, Germany and Italy have confirmed they’ll join China’s new Asian Infrastructure Investment Bank (AIIB). Participation in the rival to the US-led World Bank is seen as a setback for the Obama administration. The three European countries on Tuesday confirmed in a statement they intend “to become founding members of the Asian Infrastructure Investment Bank,” according to[...]
Legend Just Warned Greek Deal Has No Substance And The Crisis May Become Catastrophic Financial Ebola
From King World News Eric King: “After the news of this so-called deal with Greece was announced, I thought of one guy on the planet I could call to find out what this really means and that’s you, Art. You’ve been doing this for over half a century, you are a legend in the business and honestly, I don’t know who else I would call to get some clarity on this unless I went straight to the[...]