There was more a sense of relief than joy when the European Union finally got its new executive on Tuesday. These are difficult times for the EU and there is little to celebrate.
from Global News Journal:
Has German Finance Minister Peer Steinbrueck finally said what many world leaders think but are afraid to say? That the British government won't sign up to meaningful reform of financial markets because it is too worried about what it would mean for the country’s most famous cash cow, the City of London.