I don't care if Santa Claus is the President, we are in dire Straits!

Whilst waiting for Euroland to equip itself, by the end of 2012, with a medium to long term common political, economic and social project, especially following the election of the new French president François Hollande, anticipated many months ago by LEAP/E2020, players will remain prisoners of the short-term reflexes related to the sudden Greek political tremors, the uncertainties over Euroland governance and to the risks in public debts.

At the same time, in the United States, the disappearance of the illusion of a recovery (1) combined with the renewal of concerns over the American financial sector’s state of health (of which J P Morgan has just illustrated the fragility) and the big comeback of the country’s debt problem is leading economic and financial players to contemplate an increasingly worrying future (2).  

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http://www.leap2020.eu/GEAB-N-65-is-available-Global-systemic-crisis-Second-half-of-2012-Convergence-of-four-explosive-factors-Banks-Stock_a10517.html