Lagarde says Some Eurozone Banks May Need to Close

Lagarde says some eurozone banks may need to close (via AFP)

International Monetary Fund chief Christine Lagarde on Wednesday called on European authorities to step up banking system reform, including closing some banks if necessary. The debt-wracked eurozone has achieved major accomplishments, including setting up the European Stability Mechanism, the rescue…

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Markets are driven by fear and greed, with recent fears centered on the perceived perils of investing when markets have just reached an all-time high. Fundamental Equities Global CIO Tony DeSpirito suggests this concern may be overblown, with historical patterns showing that investing at market highs has had little to no impact on longer-run performance outcomes.
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