international monetary fund on Townhall

Mike Shedlock - Mon Oct 24

EU officials are still bickering over how to do a 100 billion euro bank recapitalization when four times that amount is needed. ... more

Mike Shedlock - Sun Oct 23

Deutsche Bank AG Chief Executive Josef Ackermann says it isn't clear recapitalization efforts will help solve the crisis. An extra 400 million Euros will prove way insufficient once Portugal, then Spain, then Italy get into trouble. ... more