The creation of a common currency was supposed to unify Europe; instead it threatens to blow it apart. Why hasn’t a solution been found for the troubled currency?
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Riccardo Barbieri, chief European economist at Mizuho International Plc, says today’s Spanish bond auction "went extremely well" and Europe is at a "turning point." Barbieri talks with Bloomberg’s Ken Prewitt and Tom Keene on Bloomberg Radio’s "Bloomberg Surveillance."
?The event will explore themes from the widely read RMF report ‘Eurozone in Crisis: Beggar Thyself and Thy Neighbour’. It will also contribute to the debate on the social, political and economic aspects of the Eurozone crisis that was launched by the Birkbeck Institute for the Humanities. Since the start of 2010 the Eurozone crisis has become progressively deeper, threatening the existence of the euro as well as the coherence of the European Union. The crisis poses questions of economic malfunctioning and austerity policies imposed on several European countries, but also of democracy and state relations within the European Union. The roundtable will consider these issues from a variety of radical perspectives." http://www.researchonmoneyandfinance.org/events/
The Global Financial Crisis had its roots in the collapse of the US housing bubble, which caused the values of securities tied to US real estate to plummet, in turn threatening the existence of many of the world’s biggest financial institutions. Rear Vision looks at how the aftershocks of the crisis are playing out around the world.