GFC Act II - Sovereign Debt - EU

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LIBOR

EU BreakUp?

Morale tale - Lagarde etc

Greece default 2012

Responses to EU crisis 2012

Spain crisis 2012

UK Riots

Michael interviewed on Guns N Butter with Bonnie FaulknerListen here “When I was in Norway one of the Norwegian politicians sat next to me at a dinner and said, “You know, there’s one good thing that President Obama has done that we never anticipated in Europe. He’s shown the Europeans that we can never depend upon America again. There’s no president, no matter how good he sounds, no matter what he promises, we’re never again going to believe the patter talk of an American President. Mr. Wall Street’s Euthanasia of Industry Wall Street’s Euthanasia of Industry
Europe stumbles blindly towards its 1931 moment
News Analysis - Britain Grapples With Debt of Greek Proportions
Sorry, America, We're Too Corrupt To Fix The Financial System Everyone talks about implementing serious reform of the financial system, starting with the way we regulate large, complex systemically important financial institutions. Unfortunately, we lack even the basic political equipment to implement any worthwhile reforms. As Thomas Frank points out in the Wall Street Journal, the reforms that were implemented following the crash of 1929 were the product of the famous Pecora Commission. Sorry, America, We're Too Corrupt To Fix The Financial System
GFC origin: Debt Greed Hedging

Harold Meyerson - Wall Street's financial aftershocks - washingt Like earthquakes, Goldman Sachs can strike anytime. Its work can slumber undetected for years, only to erupt, unanticipated, with catastrophic consequences. Consider: In 2001, Goldman set up some opaque financial transactions for the Greek government, the New York Times reported last month. Harold Meyerson - Wall Street's financial aftershocks - washingt
Country Solvency

ARMageddon

France AAA