Three Months to Save the Euro: George Soros
Euro-zone governments have around three months to ensure the survival of the single currency, billionaire investor George Soros said in a speech on Saturday. READ MORE
New Year, Same Crisis
The measures introduced by the European Central Bank last December, especially the Long Term Refinancing Operation (LTRO), have relieved the liquidity problems of European banks, but have not cured the financing disadvantage of the highly indebted member states. Since high-risk premiums on government bonds endanger the capital adequacy of banks, half a solution is not enough. READ MORE
America’s War with Itself in Central Asia
In its decade-long slog to secure Afghanistan, the United States has juggled contradictory foreign policies in Uzbekistan and Kyrgyzstan, the fragile Central Asian states with key supporting roles in the war. There’s the policy of engaging the two post-Soviet states for their own sake, promoting good governance, human rights, and business ties – the usual grab-bag of US diplomacy. Then there’s the policy of using them as logistical hubs in the Afghanistan war. READ MORE
Soros positive on the euro
Billionaire investor George Soros gave high marks to the euro on Monday and speculated the U.S. dollar may eventually be replaced as world reserve currency while U.S. stocks lost ground on failure of the merger between Sun Microsystems and IBM Corp. READ MORE
