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Wednesday, January 12, 2011

The Road to Economic Crisis Is Paved With Euros

Classic Krugman: an excellent summary of the euro crisis.

The Road to Economic Crisis Is Paved With Euros - NYTimes.com

Even some of his detractors like it:
"Read the whole thing. It appears to have come from Krugman in the mid-1990's, not the evil twin columnist. In the end, he lays out four scenarios. I prefer "debt restructuring" to "revived Europeanism." Otherwise, there is not much for me to disagree with here."

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