Europe Risks Another Global Depression... Simon Johnson feels that Europe is entering a serious economic crisis... "it’s not just about Greece any more. Worries about government debt and associated public sector liabilities (e.g., because banking systems are in deep trouble) have spread through the eurozone to Spain and Portugal. Ireland and Italy are next up for hostile reconsideration by the markets, and the UK may not be far behind."... http://baselinescenario.com/2010/02/07/europe-risks-another-global-depression/ (4*)
Tuesday, February 9, 2010
Europe Risks Another Global Depression... Simon Johnson feels that Europe is entering a serious economic crisis... "it’s not just about Greece any more. Worries about government debt and associated public sector liabilities (e.g., because banking systems are in deep trouble) have spread through the eurozone to Spain and Portugal. Ireland and Italy are next up for hostile reconsideration by the markets, and the UK may not be far behind."... http://baselinescenario.com/2010/02/07/europe-risks-another-global-depression/ (4*)
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