Lithium firms’ shares rise after Rio Tinto buyout rumour
The acquisition talk comes as Rio faces challenges in developing its Jadar lithium project in Serbia.
In The New York Review of Books, George Soros outlines some of the painful decisions that the leaders must make to resolve the financial crisis in Europe, mainly the form of a few select countries making an orderly withdrawl from the Euro.
The political challenges are also substantial, but so are consequences of not acting:
The euro exists and the assets and liabilities of the financial system are so intermingled on the basis of a common currency that a breakdown of the euro would cause a meltdown beyond the capacity of the authorities to contain. The longer it takes for the German public to realize this, the heavier the price they and the rest of the world will have to pay.
