While You Were Sleeping

November 19, 2011

"The mess threatens to bring down the European project and European economies. It threatens to send the world into another global recession. (At this point, Chancellor Angela Merkel has more influence over President Obama’s re-election chances than Obama himself does.)"

—

David Brooks says it like it is.

Remember when I wrote the European crisis concerns you? Yesterday, Fitch warned U.S. banks against Europe’s worst-case scenario. This week, The Economist quoted a central banker pondering the implications of it all, because the largest conflicts of the 20th century were made possible by profound economic unbalance in Europe (1920s German hyperinflation, anyone?). Everywhere you look there are interactive charts explaining the mechanisms of contagion.

You’re going to be voting a year from now. Forget the GOP clowns, here’s what you need to know: the names of all European leaders, their position on the Euro, and how they go about rescuing it.

I’m just saying, people. I’m just saying.

— From SF.

2:30am | URL: http://tmblr.co/Z9DOYyC6UZc1
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(Notes: 37)