Today’s Can’t Miss

Ready? Post your moves?

Lee Says North Korea Must Pay for Attack; China Urges Talks

Asia moved a little bit higher.

Ireland's Relief Proves Fleeting as `Day of Reckoning' Nears: Euro Credit

“The continued confusing political rhetoric is driving investors out of Europe. Once the euro area issuance cycle gets under way in 2011, unless many of the issues surrounding collective action clauses, crisis resolution mechanisms and their timing have been resolved, policy makers could lose the battle.”

Remained unanswered so far, can those in charge of national regulation and we know had close ties to the multiple loans the main french and german banks made to the PIIGs, be trusted to fix a problem they largely contributed to create? Their messy accounting methods, their weird tolerant policies regarding banks malpractices for years, their apparent lack of understanding for some markets schemes they pretend was responsible for the crisis before it was revealed the 1.6 trillion EU Banks are engaged in to the PIIGs economies are largely responsible for the crisis in Europe aren’t the best guarantees one can expect, it has more to do with the firemen coming to extinguish the fire they set…? And frankly we can doubt the fireman certification…? It is suspect that those in charge of national regulation and financial policies that didn’t even foresee that the large loans they approved were endangering the smallest EU zone economies have suddenly the qualifications to fix their mess..? I recommend extreme caution regarding dummies of that scale’s solutions  to repair what they have done..?