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.

Date: December 05, 2011
Author: Satyajit Das
Categories: Capital & Strategic Issues, Government Finance, Risk and Regulation, Capital Markets
Keywords: European Financial Stability Fund, Euro Crisis, European Central Bank, Dexia, Bundesbank, GDP

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 ...