Tuesday, November 16, 2010

The Euro

Last week at Harvard, I listened to a number of experts debate the future of the euro. The panel was generally upbeat. This morning's headline, not so much:

Europe Fears That Debt Crisis Is Ready to Spread

Spain is the big enchilada here: 20% unemployment, 9% deficit. And French banks are believed to hold a lot of Spanish debt. Fasten your seatbelts.

Van Rompuy's comment on the situation here.

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