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View Full Version : Euro's Appeal Masks Gathering Storm in Europe: Simon Johnson - Bloomberg



NewsWhore
08-28-2011, 10:00 PM
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Euro&#39;s Appeal Masks Gathering Storm in Europe: Simon Johnson (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGxwOPevAgqN14qUJR5uaLPVN_wnw&url=http://www.bloomberg.com/news/2011-08-29/euro-s-appeal-masks-gathering-storm-in-europe-commentary-by-simon-johnson.html)
Bloomberg
If interest rates are raised in an attempt to stabilize the currency, the borrower&#39;s burden increases. If companies default, the solvency of local banks and governments becomes a concern. The resulting rush for the financial exits tramples on a great ...

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