Escalation of the situation in Europe:
"Lately, there seems to have been a pullback in EU elite ambitions, a cessation of confidence in the idea that Eurocrats could slam their collective, Orwellian boot endlessly in the face of a resentful populace. [...] If Spain goes, so goes the EU – and we will gladly wave it goodbye. One more dreadful, authoritarian celebration to pile on the junk heap."
Countries in debt may fall to dictators, EC chief warns -- 'Apocalyptic' vision as some states run out of money --- Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.Read more »
Gold Settles at $1,244 as Indications Emerge of a Shift Out of the Euro and Into Safer Assets -- Gold's surge to a record sparked speculation that central banks may be stepping up purchases of the precious metal.Read more »
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