Home » Economy » Europe’s Lehman moment slowly arriving…

Europe’s Lehman moment slowly arriving…

17 sovereign countries deeply divided, without unified fiscal authority, its banks with the world's highest leverage ratios – this is Europe. You are probably wondering why Europe's "Lehman moment" still hasn't arrived.  Or it may have taken another form.  Instead, we have seen a slow-motion leak of confidence and a steady drain on credibility that has extracted a large and growing toll on stock and bond prices and on the livelihoods of its citizens.

Read this analysis from NYT.


Leave a comment

Your email address will not be published.