Published December 05, 2011
Europe must allow fiscal integration or face default
Satyajit Das, derivatives expert and the author of Extreme Money: The Masters of the Universe and the Cult of Risk, feels that government spending and easy money from central banks has covered up deep seated problems.
There are worrying indications now that the European debt crisis will take a long time to correct. An inability to diagnose and deal with the problem means that the European debt problems may have reached a point of no return, which a change of leadership cannot arrest. With the problems having now ...