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.
Another day in the life.
Source: Paul Krugman blog
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