Spain's Bailout Is Already Doomed(theatlantic.com) |
Spain's Bailout Is Already Doomed(theatlantic.com) |
To a first approximation, there is nowhere else on Earth where this debt crisis would be simultaneously so serious and so hard to deal with. You can't treat this like you were dealing with the US, or China, South-East Asia. This is Europe and that means that, barring a miracle, we're all[1] probably screwed.
[1]: Well, anyone who relies on the global economy for income, goods, or services, anyhow. Which would be, uh, all of us on HN, at a minimum...