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Germany Structuring Path to Euro Exit for Italy, Greece

German Chancellor Angela Merkel’s party voted today to provide a means for Euro-zone markets to voluntarily exit the Euro without losing access to the EU’s free trade zone. This move confirms that Germany is not willing to save the Euro…

Shadow Banking in China – Implications of Defaults

While informal lending is significant, it is not big enough to bring down the entire system. Trends: Informal lending, or shadow banking, has become very active across China since earlier this year It has recently caught both media and government…