With the debt crisis in Greece clearly on the minds of the world’s finance titans, the country’s cabinet voted on Saturday to approve a “final” set of austerity rules that had long been pursued by the EU and IMF as part of a 130 billion euro bailout. The move by Greece apparently makes the chances [...]

An analyst for UBS succinctly described the Euro Zone as the Hotel California, a song by The Eagles in the 1970s. The song lyrics describe the hotel as a place where “you can check out anytime you like, but you can never leave.” That description seems to be appropriate for the nations like Greece, Italy, [...]