Sunday 2 May 2010

European Debt Crisis Spiraling Out of Control, Will Greece Be Europe’s Lehman Brothers?

The Greek debt crisis now threatens to spiral out of control - in spite of IMF rescue efforts - and the fate of the entire eurozone is at stake.

The Greek debt crisis is serious... deadly serious. Those who still think the situation will turn out okay - that it will "blow over" - are clinging to foolish hopes, just as they have done at great cost in the past.

And what do I mean by "deadly serious?" Put it this way. The world may soon face the credible threat of systemic collapse for the entire eurozone. more...

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