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Thursday, June 2, 2011

Greece Is Still in Trouble


“There is no secret about the tab coming due — Greece will need more than $40 billion over the next year or so to keep itself afloat and avoid what European officials consider their nightmare scenario, a default by one of the countries that use the euro.” (Washington Post)

A portent of what’s to come?

FEE Timely Classic
“Greece: The Canary in the U.S. Coal Mine?” by Steven Horwitz