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Wolfgang Munchau Proposes The EU Organise An IMF-type Rescue For Spain

Well some times I agree with Wolfgang Munchau, and sometimes I don’t. This is one of the occasions when I do, especially the following passage which can be found in his Financial Times op-ed this morning: “Some degree of competitive adjustment is probably needed but the huge scale of the shock that is unfolding in Spain [...]

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EU Pondering Restricting Sales of Securitized Debt (Updated)

This item came from reader Chris, who passed along a tidbit from Wolfgang Munchau's Eurointelligence daily newsletter. I can't provide a link to the story itself; checking around the Eurointelligence site, it seems to be an e-mail only product, and the piece in question is based on a German news story. The proposal is odd. It would restrict EU banks from selling securitized products unless the...

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The eurogroup has to shed its complacency

The shocks that face Spain and Ireland will test the region’s see-no-evil-hear-no-evil approach to governance, writes Wolfgang Münchau

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The eurogroup has to shed its complacency

The shocks that face Spain and Ireland will test the region's see-no-evil-hear-no-evil approach to governance, writes Wolfgang Münchau