Plans to cut debt have failed nearly everywhere I look.
Greece is obvious enough and a government collapsed over it.
Spain is obvious enough and a government collapsed over it.
Italy is obvious enough and a government collapsed over it.
Portugal is obvious enough and a government collapsed over it.
US is obvious enough and the failure of the super-committee to come to agreement is proof enough
While the political chaos slamming the UK over the weekend, will be its own chapter in the history books one day, with UK's dynamic leadership duo of Cameron and Osborne suddenly nowhere to be seen while the Labour party is underoing a rebellion even as Boris Johnson has yet to make a concerted push to claim the victory the British people unexpectedly handed him, things in Europe are no better.
Much like a six-year old kid on a playground lot, UK prime minister David Cameron promised to take his marbles away, if he did not get the steelie he wanted. On December 4, the Telegraph reported the bluff this way: David Cameron May Campaign for Brexit, Allies Say.
David Cameron will make his last appearance at Prime Minister’s Questions on Wednesday before formally resigning the premiership in his last official meeting with the Queen at Buckingham Palace.
“We will have a new prime minister in that building behind me by Wednesday evening,” Cameron said in a brusque statement before the black door of 10 Downing Street, which has been his office and home for six years and two months.
LONDON/BERLIN: German Chancellor Angela Merkel sought on Saturday to temper pressure from Paris, Brussels and her own government to force Britain into negotiating a quick divorce from the EU, despite warnings that hesitation will let populism take hold. Eurosceptics in other member states applauded Britons' decision to leave the European Union in a referendum that sent shockwaves around the world, with far-right demands for a similar vote in Slovakia underlining the risk of a domino effect.
JP Morgan Chase & Co. (JPM), Bank of America Corp (BAC), Citigroup Inc. (C), and Wells Fargo & Co. (WFC), the four biggest banks in the US based on assets, are about to be subject to even tighter regulations from the Securities and Exchange Commission (SEC), according to The Wall Street Journal.