The much-awaited March meetings of eurozone leaders came and went Friday.
In theory, they have announced a new strengthened European Monetary Union (EMU) for the markets to contemplate. Before March and before the Egypt revolt, EMU was expected to be the main issue for not just European financial markets, but also perhaps global markets given the seemingly increasingly inter-connectivity of markets. In the event, many factors have caused the meetings to become somewhat of a sideshow, including a couple from Europe. As I wrote about the last couple of weeks, the dreadful earthquake in Japan and its aftermath has become the dominant global issue for March. As it...
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