All Commentary
Friday, June 29, 2012

Spain, Italy Win Major Concessions From Germany At Debt Summit

“That path already began to emerge Friday, with leaders agreeing to accelerate the creation of what amounts to a significant new step in European integration — a regional banking supervisor with power to overrule national authorities. Such a development could offer investors more confidence in the region’s shaky financial institutions.”(Washington Post)

FEE Timely Classic

The Euro: The Folly of Political Currency” by Robert P. Murphy