Sunday, June 10, 2012

Announcing the end of the euro

Euro zone on the brink

Roger C. Altman is chairman of Evercore Partners and former deputy Treasury secretary under President Clinton from 1993 to 1994.
Europe is on the verge of financial chaos. Global capital markets, now the most powerful force on earth, are rapidly losing confidence in the financial coherence of the 17-nation euro zone. A market implosion there, like that triggered by Lehman Brothers collapse in 2008, may not be far off. Not only would that dismantle the euro zone, but it could also usher in another global economic slump: in effect, a second leg of the Great Recession, analogous to that of 1937.
Read more about this debate: 
Roger C. Altman, Euro zone on the brink
Robert J. Samuelson: Europe’s grim choices
Charles A. Kupchan: The euro can be saved. But can the E.U.?
The Post’s View: Europe’s financial fog
The Post’s View: Keeping Greece in the euro zone
David M. Smick: No easy answers to vicious cycle
Barry Ritholtz: How the FDIC can curb banks’ reckless speculation

Comment:  Clip it so that in the future you may wonder what nonsense major US media and so-called experts have tolds you.

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