News
Market Watch | Dollar down after ECB, Bundesbank comments
The euro held slim gains against the dollar Monday, after the European Central Bank called “misleading” a news report that it was planning to cap government-bond yields in the euro zone.
Blogs
The Economist | Currency options
The existence of informal currencies suggests that it might be possible for some euro-area countries to use both the euro and some other currency at the same time. The idea would be to adopt the parallel currency to promote a slow switch away from the euro, thus avoiding the costs a country would face if it tried to switch suddenly.
Daily Capitalist | Hang ‘em High
What is striking about the banks is not that, with Libor class actions hanging over the sector like gigantic clouds made out of ordure, they seem to be hopelessly accident-prone and run by crooks.
