Thursday, August 25, 2011

Krugman on the euro zone: "can it be saved?"

Check this out this article by Paul Krugman on "Can Europe Be Saved?", where he discussed the chances for the euro zone to survive the current crisis. The verdict? Not likely, really, unless the euro zone builds a true fiscal transfer union.

I agree. In the meantime, this is not going to look pretty.

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