October 29th, 2011
Econintersect: Nobel Prize winner Paul Krugman can be expected to have an opinion on just about anything in the way of economic activity. Yesterday (October 28) Prof. Krugman posted a succinct analysis about the meaning of the agreement reached this week in Brussels to resolve the Greek sovereign debt crisis. Krugman wrote:
European leaders reach an agreement; markets are enthusiastic. Then reality sets in. The agreement is at best inadequate, and possibly makes no sense at all. Spreads stay high, and maybe even start widening again.
Source: Paul Krugman blog