There is some similarity between the euro crisis and the subprime crisis that caused the crash of 2008. In each case a supposedly riskless asset””collateralized debt obligations (CDOs), based largely on mortgages, in 2008, and European government bonds now””lost some … Continue reading (NYRB) George Soros–Does the Euro Have a Future?
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(NYRB) George Soros–Does the Euro Have a Future?
There is some similarity between the euro crisis and the subprime crisis that caused the crash of 2008. In each case a supposedly riskless asset””collateralized debt obligations (CDOs), based largely on mortgages, in 2008, and European government bonds now””lost some … Continue reading (NYRB) George Soros–Does the Euro Have a Future?