by Paul Krugman, NY Times 9/11/11
"Financial turmoil in Europe is no longer a problem of small, peripheral economies like Greece. What’s under way right now is a full-scale market run on the much larger economies of Spain and Italy."
"And now it’s all coming to a head. We’re not talking about a crisis that will unfold over a year or two; this thing could come apart in a matter of days. And if it does, the whole world will suffer."
Read on:
http://www.nytimes.com/2011/09/12/opinion/an-impeccable-disaster.html?nl=todaysheadlines&emc=tha212
"Financial turmoil in Europe is no longer a problem of small, peripheral economies like Greece. What’s under way right now is a full-scale market run on the much larger economies of Spain and Italy."
"And now it’s all coming to a head. We’re not talking about a crisis that will unfold over a year or two; this thing could come apart in a matter of days. And if it does, the whole world will suffer."
Read on:
http://www.nytimes.com/2011/09/12/opinion/an-impeccable-disaster.html?nl=todaysheadlines&emc=tha212
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