EU lends to itself to bail itself out - ECB remains sidelined
May 10, 2010 at 09:55 AM EDT
“While each component makes sense in its own narrow terms, the EU policy as a whole is madness for a currency union. Stephen Lewis from Monument Securities says Europe’s leaders have forgotten the lesson of the “Gold Bloc” in the second phase of the Great Depression, when a reactionary and over-proud Continent ground itself into [...]