Archive for February 16th, 2010
Could Greece’s Fiscal Problems Really Sink the Euro? – 1940th Edition
Currency markets operate in funny ways. Greece’s fiscal problems are hardly a new development. During years of boom and bust alike, it ran unsustainable budget deficits. Why investors have decided to fret now – as opposed to last year or next year, for example – on the distant possibility of default, is somewhat mysterious.
After all, [...]
