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Article authored by Henry Blodget and appeared on Business Insider. Article is courtesy of businessinsider.com
You can be forgiven for thinking that you don’t need to give a hoot about what’s going on in Cyprus this weekend.
After all, it’s just a little island somewhere in the Mediterranean.
But what’s going on in Cyprus could actually matter — not just to the rest of Europe, but to the rest of the world. [Read more...]
Article authored by Ambrose Evans-Pritchard and appeared in the Telegraph. Article is courtesy of telegraph.co.uk
A new party led by economists, jurists, and Christian Democrat rebels will kick off this week, calling for the break-up of monetary union before it can do any more damage.
“An end to this euro,” is the first line on the webpage of Alternative für Deutschland (AfD). “The introduction of the euro has proved to be a fatal mistake, that threatens the welfare of us all. The old parties are used up. They stubbornly refuse to admit their mistakes.” [Read more...]
Article authored by Suzanne Daley and appeared in The New York Times. This article appears courtesy of The New York Times via CNBC.com
On a recent evening, a hip-looking young woman was sorting through a stack of crates outside a fruit and vegetable store here in the working-class neighborhood of Vallecas as it shut down for the night.
At first glance, she looked as if she might be a store employee. But no. The young woman was looking through the day’s trash for her next meal. Already, she had found a dozen aging potatoes she deemed edible and loaded them onto a luggage cart parked nearby.
“When you don’t have enough money,” she said, declining to give her name, “this is what there is.” [Read more...]
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