lessons of asia unheeded in europe's lofty summitsa foolishly blinkered europe is still putting politics ahead of economics, writes william pesek .europe: the north vs. the south...the new civil war?it's common knowledge that europe is mired in an economic slump of significant global importance. equally important is the path their leaders adopt to place the eu on solid financial footing. although one cause of this malaise is the junk-debt exported from the u.s. during the financial crisis, there is much more to the story. in fact, when you peel back the layers of the proverbial onion, ...could europe sink obama campaign?trillions in looming tax hikes and spending cuts. washington saber-rattling over the debt ceiling. a slowdown in the world's second largest economy.europe markets: europe stocks zigzag higher, led by oil, banksbargain-hunters stepped in to pick up beaten-down bank and energy stocks in europe on thursday, helping investors shake off downbeat economic data and a disappointing european union leader’s meeting. |
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