Why Europe Is Still In Deep Trouble
Simon Johnson expresses his concerns over the future of the European debt crisis in his column, “Europe: It’s Still Likely To End Badly”
There are two main schools of thought on what may happen next with Europe’s debt crisis. Some well-informed people strongly believe that everything will work out just fine, and without much of an economic slowdown. Other, equally well-informed people believe just as strongly that the euro area will break apart in a traumatic manner. When it comes to predicting Europe’s future, not many people occupy the middle ground.