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

Advertisements
Explore posts in the same categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: