By Desmond Lachman
AEI Online
Tuesday, September 14, 2010
“The outbreak of a sovereign-debt crisis in the eurozone’s peripheral economies has been among the more important developments in the global economy in 2010. Sadly, this crisis will likely intensify in the months ahead as markets increasingly focus on the intractable solvency and competitiveness issues confronting countries like Greece, Portugal, Spain, and Ireland. Such intensification will affect Europe’s already-troubled banking system, seriously threatening both the European and the global economic recovery.”
You can find this article online at http://www.aei.org/outlook/100990
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