Often Wrong, Never in Doubt
Every time someone reads this blog an angel gets its wings. - Zuzu, the Elder
Monday, November 15, 2010
The Credit Anstalt Moment
Credit Anstalt failed in 1931 in Austria, taking the European financial system with it. With the PIGS sliding into insolvency, Evans Ambrose Pritchard argues we are at the same pass again
here
.
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