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.
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Questions for Luigi Zingales
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