France May Be Losing Its Head… Europe Soon to Follow?

May 7, 2012

by Peter Schiff

According to the European Central Bank (ECB), the Italian banking industry now holds more government debt than the banks of any of the major European economies: nearly €324 billion-worth of shaky bonds. The Spanish banking sector is also heavily overweight in government paper, at a new record high of €263 billion.

The World Is Topologically Complex

My old friend and former colleague Martin Sieff has produced a splendid riposte to Thomas Friedman’s The World is Flat and That Used to Be Us entitled That Should Still Be Us (Wiley, $22.95).


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