EU trade deficit widened to 2.9 billion euros ($4.1 billion) from 2.2 billion euros

Note the actual headline and how deep in the article the fact that the trade deficit actually widened is buried. It’s almost like a US headline that might have reported, for example, the Texas trade surplus grew, when the overall US trade deficit widened and only got a minor mention. European April Exports Rose on […]

Bloomberg: Trichet says U.S. must pass plan to rescue ‘Global Finance’

[Skip to the end] Interesting how Europe feels its fate is in the hands of the US. The Euro was supposed to change all that. Yes, the national governments know they are constrained fiscally by their self imposed 3% deficit limits. And they also suspect that they are further limited by market forces that may […]