Larry's Blog
Euro Was Nearly Aborted Nineteen Years Ago Tomorrow
September 19, 2011
The Maastricht Treaty of December 1991 that laid out a process for a common European currency as early as 1997 and no later than 1999 required that all members of the European Community (EC) ratify the document within a year for it to be valid. The goal of European economic and monetary union (EMU) was […] More
New Overnight Developments Abroad - Daily Update
Anxiety Attack over Greek Debt Slams Equities
September 19, 2011
Weekend developments from Europe were worrisome. More street protests in Athens. Euro leaders still haggling over terms of their July 21 aid agreement to Greece. Greek PM Papandreou cancels planned trip to United States and U.N. Teleconference scheduled today for EU troika and Greek finance minister. Next tranche of Greek aid from IMF and EU […] More
