Picasso’s “Nude, Green Leaves and Bust” has been sold for $106.50 million, becoming the most expensive work of art ever sold at an auction.
Everybody thinks it’s a recovery. There’s a lot of handshaking going on. But the things that need to recover so that there can be a genuine recovery are not recovering.
Angela Merkel is trying to calm fears in Germany over the Greek bailout. But the euro is in freefall.