By Stefan Kaiser – Greek voters go to the polls on Sunday in an election that many believe could determine whether the country remains in the euro zone or is forced out. Potentially more ominously, numbers released on Monday indicate that the Italian economy is in disastrous shape, having shrunk in the first quarter faster than it has in three years.
Even if the effort to stabilize Spain’s banks is successful, the country and the euro zone are still not out of the woods. The crisis, after all, has long since become much more than a banking crisis, even in Spain. more> http://tinyurl.com/6vem53t
- Is Germany catching the euro zone virus? (globalpost.com)
- Matthew Lynn’s London Eye: How tiny Finland could bring euro crisis to end (marketwatch.com)
- What would a ‘master plan’ for fixing Europe look like? – Washington Post (blog) (washingtonpost.com)
- Bond rates reflect lack of confidence in European leadership – Globe and Mail (theglobeandmail.com)
- A World of Trouble if the Spanish Banking Crisis Spreads (alternet.org)
- This Might Be the Dumbest Thing Europe Has Done Yet (theatlantic.com)