NEW YORK/TOKYO U.S. nuclear agency Westinghouse Electric Co LLC has hired bankruptcy attorneys, in an indication that proprietor Toshiba Corp (6502.T) is extra significantly weighing a Chapter eleven filing as an choice to help it rein in a multibillion dollar monetary maelstrom.
So, what can people look ahead to concerning the Eurozone going forward? We know that German manufacturing continues to be weak. How long can Germany stay a protected haven if she has no place to sell her goods? As lengthy as capital flees from the remainder of Europe to Germany, the New Financial Order is weakened, to be sure. If that capital ever starts to flee Germany, then perhaps the One World Financial System will stay intact.
The Germans are teetering with whether or not to bail out the PIIGS nations, or not, and the Euro is in crisis. So far, Germany is a secure haven. However, how … Read more