Boom Bust: Varoufakis and Shedlock Om Europe’s ‘Triumph of Wishful Thinking Over Reality’

Varoufakis and Shedlock Om Europe’s ‘Triumph of Wishful Thinking Over Reality’

For years, European banks ran operations on much thinner capital requirements than their American counterparts. And with new US financial regulatory rules set to kick in soon, European banks are looking for ways to skirt the new laws. Erin Ade reports.

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