When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Tuesday, March 13, 2012

Eurozone: Running Out of Options

As a follow-up to my post-- In Greece Nothing Succeeds Like Failure: "OK, Greece had an "orderly default." Problem solved? Hardly" -- Paul Krugman in Sunday's New York Times paints the picture just as clear:

What Greece Means - NYTimes.com: " . . . You may ask what alternative countries like Greece and Ireland had, and the answer is that they had and have no good alternatives short of leaving the euro, an extreme step that, realistically, their leaders cannot take until all other options have faileda state of affairs that, if you ask me, Greece is rapidly approaching. . . . " (emphasis added)


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects