Wednesday, September 28, 2011

The next lost decade?

Satyajit Das on what's ahead in the eurozone: video

Possible chain of events: More pain ahead for Greece, culminating in a big write down for its creditors. ECB solvency challenges. Sovereign debt crises for Italy and Spain. Global recession followed by debt deflation. A lost decade worse than what Japan experienced in the 1990s.

Larry Summers interview with Martin Wolf: video

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