Tuesday, November 15, 2011

Reality Prevails

The PS and the EELV have reached an agreement. Despite all the bold talk of principle that would never be compromised, in the end the Greens compromised, and the PS did not sacrifice the EPR at Flamanville.

Credit Crunch Ahead

With banks under pressure across the Eurozone to increase their capitalization as protection against losses on their sovereign debt portfolios, credit is expected to become tighter, causing economic growth to slow. This will only worsen the sovereign debt crisis.