German leaders are furious with Greece. Yet again they have to go back to their electorates asking for more billions to throw down the black hole that is the Hellenic Republic. They have now become so angry that they are even openly proposing that Greece's fiscal affairs be deferred to some European Commissioner, preferably one of a Teutonic disposition.
A trader accused of fraud over a $2.3 billion loss in unauthorized trading reported by Swiss banking giant UBS pleads not guilty in a London court. The trial of the trader, Kwaku Adoboli, is due to begin September 3.
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