EU Is Collapsing Like Tower Of Babel
Monument Securities Chief Economist Stephen Lewis says the chaos in Greece could lead to collapse of the European Union, bringing down with it the dangerous assumption that structures of global governance provide stability in times of financial peril, but the World Bank and IMF vultures will be waiting as ever to feed on the remains of a dying country.
• FBN’s Varney on Greece: Modern Day Socialism is Collapsing As We Speak
Conservative challenger David Cameron won the most seats in the British election, while falling short of a majority guaranteeing the ouster of Prime Minister Gordon Brown. Gilts and the pound fell on the indecisive result.
• Mandelson Says Government Has ‘First Go’ in U.K. Hung Parliament
• Thousands of voters turned away in polling stations shambles
Today’s CO2 concentration, though perhaps the highest in 20 million years, is by no means exceptional or damaging.