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."
http://www.abc.net.au/rn/rearvision/stories/2010/3083820.htm Ireland’s turbocharged transformation from rural poverty to global affluence overshot the mark and now the British and German banks that funded the building boom want their money back. Rear Vision looks at what went wrong.
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.