'Europe stumbles blindly towards its 1931 moment'

Discussion in 'Economics' started by Wallace, Nov 14, 2010.

  1. "Unless the ECB takes fast and dramatic action, it risks destroying the currency
    it is paid to manage, and allowing a political catastrophe to unfold in Europe.
    Three EMU countries have already been shut out of the capital markets, and
    footloose foreign creditors hold €2 trillion of debt securities issued by Spain,
    Portugal, Ireland and Greece."