Guest Post by Wolf Richter: Eurozone Banks Are In Trouble, Says IMF

Why is it that 17 nations have to fundamentally reorganize themselves and shift sovereignty away from national parliaments to new layers of transnational, beyond-control bureaucracies that can extract untold wealth from taxpayers—just to save the banks? That’s what the Eurozone has to do, or else banks will topple, and the monetary union will not be sustainable,… Read More Guest Post by Wolf Richter: Eurozone Banks Are In Trouble, Says IMF