Bundesbank head and European Central Bank (ECB) council member, Alex Weber, is confident that the financial market is slowly recovering from the slew of credit problems it encountered before 2008. He admits that there are still several problems in the money markets but he is also quick to add that positive events have transpired like the stronger numbers in share markets.

Europe’s financial slump surfaced after the United States’ housing slump, which has affected some of the world’s largest banks and securities firms. Europe’s credit loss is estimated at almost $43 billion.

A number of adjustments need to be made in order to bring back confidence in the financial industry and among market participants. This may be done by coming up with programs that can help raise financial value at an acceptable rate.

But unless America’s financial market elevates to a loftier level, Europe will have a hard time recovering from this financial slump.

New investments may offer possible solutions, but these might bring in dangerous risks.

It looks like the financial market dilemma has turned into a wait-and-see game. Let’s wait what happens with America’s economy then we’ll see what we can do with ours. It’s pretty much the same for the rest of the countries that rely heavily on the American economy. America, after all, is one of the financial superpowers of the world.

Ken Mehlman lays out the case for why you should support the Republican Party.

Ken Mehlman recently appeared on MSNBC’s Meet the Press.

Charlie Rose interviewed Republican National Committee Chairman Ken Mehlman.