Eurozone indecision fuels market mayhem

Eurozone indecision in the face of continued pressure on sovereign debt, particularly Spain and Italy, and a loss of confidence in European banks could plunge the world into deep depression.

There has to be a limit to how many crises the global economy can take. As Europe stands on the brink of disaster, the only ones who seem to be cognoscente of the fact are markets.

Politicians continue to bury their collective heads in the sand. Eurozone national leaders are still obsessed with all the wrong priorities.

The European Union needs growth stimulus. Worrying about moral hazards and inflation are getting the continent nowhere.

Political leaders also seem incapable of telling the