All Commentary
Friday, April 23, 2010

Greek Default Nears

“The Greek debt crisis escalated sharply Thursday, weakening the euro and sending ominous ripples across a stagnant European economy. Greece is on the edge of default as talks continue on a $56 billion rescue package from the International Monetary Fund and the European Union that is contingent on Athens taking further austerity measures.” (Washington Post, Friday)

We are seeing the future and it doesn’t work.

FEE Timely Classic
“The Deficit Connection” by Ernest G. Ross