This guest post is written by Dr. Marc Vlitos, Enterprise Architecture Product Management at FINCAD. As the EURO crisis drags on with no end in sight, it has become apparent that European central banks are beginning to contemplate the possibility of a partial return to the old national currencies. While a total collapse still appears unlikely, the return of the Drachma, Lira and Peseta is becoming a real possibility. Forward-looking

And now for the news… yesterday was Monday, which means… yet more talk about how to solve the Eurozone crisis without any action.

The chickens are still coming home to roost; it better be a big coop. It’s been over three years since the failure of Lehman Brothers caused the devastating credit crunch that saw banks refusing to lend to other banks; legitimate companies unable to refinance maturing commercial paper and an almost grinding halt to the economies of the developed world. Yet, the bad news refuses to end. After months of anticipation

What a bad time to take a vacation from blogging. But what a great time to be a financial journalist. That’s probably why everyone and his brother have joined the finance beat lately. I left on vacation at the beginning of September and an already ominous European debt situation has gone from scary to absolutely frightening and I missed most of it. I’m sorry I missed the chance to comment

I didn’t get the memo that said all the old rules about lending money had been suspended. Rules like: Don’t lend money to borrowers who can’t pay it back. Don’t lend more money to borrowers who can’t pay back the money they have already borrowed. What did I miss? At this writing it is becoming more apparent [like it wasn’t apparent before?] that Greece won’t be able to repay its