New York Times
May 6, 2010
So, is Greece the next Lehman? No. It isn’t either big enough or interconnected enough to cause global financial markets to freeze up the way they did in 2008. Whatever caused that brief 1,000-point swoon in the Dow, it wasn’t justified by actual events in Europe.
Nor should you take seriously analysts claiming that we’re seeing the start of a run on all government debt. U.S. borrowing costs actually plunged on Thursday to their lowest level in months. And while worriers warned that Britain could be the next Greece, British rates also fell slightly.
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Ελληνική μετάφραση από την Καθημερινή
Here you can find a related comment by Greg Mankiw.
1 comment:
Εξαιρετικά ανησυχητικό το άρθρο. Μακάρι να ακολουθηθεί μία από τις 3 εναλλακτικές που περιγράφει ο Krugman στο άρθρο του....Το δυστύχημα είναι ότι όλα όσα λέει έχουν βάση.
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