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Monday, June 27, 2011

Euro Crash Looks as INEVITABLE as Asia in ’97: William Pesek

Euro Crash Looks as INEVITABLE as Asia in ’97: William Pesek

"Watching Greece slide into chaos from 6,000 miles away is painful.Asia, after all, was the last region to experience what Europe may be about to endure. Asia’s implosion in 1997 toppled leaders, touched off riots, set back living standards a decade or more and tarnished theInternational Monetary Fund’s reputation. Expect similar developments as Europe’s grand monetary experiment cracks."

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