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European Budget Pact: Right Diagnosis but Wrong Tool?
Other than Germany and France the European countries seem to be in a holding pattern following the agreements between Germany and France. These two countries seem to be driving the crisis and the future of the Euro. After saving the Euro more than once, the last summit made clearer the two paths that Europe may […]
January 4, 2012
China to Remonetize Gold?
China’s banks use gold as legal currency A prominent economist says that China’s economic importance is growing strong and steady that the ailing US and EU economies will exchange their gold reserves for Beijing’s financial bailouts. G-20 leaders are facing growing pressure at home over the economic woes of their countries, where protests are being […]
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