Someone Seeing the Obvious in Europe
This article fleshes out the point I made yesterday about the Euro and the impact of a bunch of debt and derivatives going bad. Both Europe and the US have no way out of the debt hole they have dug, but in the mean time just give the addict another fix and put off the inevitable.
Could Greece be the next Lehman Brothers? Yes – and potentially even worse | Larry Elliott | Comment is free | The Guardian: www.guardian.co.uk/commentisfree/2011/may/17/greec…thers
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