Ad
James Tobin was awarded the Nobel Prize in Economics in 1981. (Photo: Nobelprize.org)

EU may have seen last days of carefree wealth

As I write this we do not know whether the US House of Representatives will pass the so-called "Bail-Out Bill" later today. The Senate has voted for the measure which is the last best hope of saving America's financial system and returning a measure of confidence and stability to banks and businesses the world over.

The expectation is that they will pass the amended bill, the original version of which they rejected by a narrow majority of 24 votes earlier in the week. Twelve Republican ...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

James Tobin was awarded the Nobel Prize in Economics in 1981. (Photo: Nobelprize.org)

Tags

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

Ad
Ad
Ad