IT’S ALWAYS THE ECONOMY, STUPID! By Sanjay Jha In Tehelka The Euro crisis which began in the famous Olympian city of Athens can be called a Greek tragedy . It has had a domino effect, with Ireland, Cyprus and Portugal giving it empathetic company. The other more illustrious states such as Italy, France and Belgium are beginning to feel the inflammatory heat generated by falling bond values. The European banks are in panic mode as they believe they hold near-junk bonds instead of what … [Read more...]
