In the growing crisis in the Euro zone and EU the news follows quickly.
The Spanish Bankia system bank crisis grows and the capital flight over the borders is catapulting out of orbit. The Portuguese banks getting financial support from the state. Cyprus is needing help to keep their leading banks alive as the Greek economy is effecting also this Island that is already divided. Euro Group rumour talks about a possible in stating fiscal and banking union as the next step they want to take to centralize control in the European Union and Euro zone . Also rumour and talks about a Euro zone split in a sort of North and South zone is on the table. Still the Euro is failing to keep its ground as it falls to 1.24 against the US dollar. Continue reading