Sunday, November 28, 2010

EU rescue costs start to threaten Germany itself

It is like a cancer. First the panic at the reality of it all (2008.) Then the creeping menace spreads despite our treatment regimen. The organs start to shut down. Greece. Ireland. Next Spain or Portugal. Then where? Germany? Unthinkable...

The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of monetary union.

Click here for the story.

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of a social media management company.