Paul Krugman on Eurozone: "The Whole Thing Could Fall Apart in a Matter of Months"

(Multimedia) The European economic crisis is expected to top the agenda at the G8 meeting tomorrow at Camp David. In Greece, voters will soon head to the polls for another round of elections which will be viewed by many as a referendum on the Euro. Our guest today, Nobel Prize-winning economist Paul Krugman, warns the current bank run in Greece could spiral into the end of the Eurozone. "It is really quite shocking,” Krugman says. “I hate to sound apocalyptic.” ... Full Story »

Posted by Dwight Rousu
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Posted by: Posted by Dwight Rousu - May 17, 2012 - 11:44 PM PDT
Content Type: Multimedia
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Edited by: Dwight Rousu - May 17, 2012 - 11:45 PM PDT
Bob Herrschaft
4.0
by Bob Herrschaft - May. 18, 2012

...although not much news in the interview...Krugman reiterates his anxiety about the future of Europe, there is one bright point, that is, Philippe Aghion, Hollande's chief economic advisor is a "reader" and evidently a proponent of Krugman's economic advice.

...so far Hollande has impressed me with his low key approach to not only France's, but Europe's economic problems, which are, of course, intertwined. Now, if he can only convince his German partners that it is also in their best interest to remove the economic noose that's dangling around the necks of their other euro partners! The U.K. unfortunately will remain deluded until David Cameron is dragged to the tower with his friend Rupert Murdoch.

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Randy Morrow
4.3
by Randy Morrow - May. 19, 2012

I agree with him that finance, certainly the financial industry, has been—had way too much influence on policy. And in Europe, they have done, if anything, even more than ... More »

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Dwight Rousu
3.9
by Dwight Rousu - May. 17, 2012
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