All Commentary
Friday, April 30, 2010

Greek Crisis Sows Worries about European Central Bank

“The Greek debt crisis may be turning into a European Central Bank crisis. As the European Central Bank (ECB) continues to loan money to keep Greece afloat, the ECB’s exposure to the failing economy also grows, threatening potentially backbreaking losses if Greece declares bankruptcy. This is a looming concern as Germany lawmakers continue to balk at a bailout.” (Christian Science Monitor, Friday)

Central banks aren’t invincible.

FEE Timely Classic
“Financial Crises and the Federal Reserve’s Punch Bowl” by Chidem Kurdas