Archive for March, 2010
In his excellent recent piece, Todd Harrison describes the sovereign debt problems
the globe now faces as a result of the financial crisis and compares the situation in
Greece with that at Bear Stearns in early 2008. US is far from being immune to the
problems in Europe. In fact, many states are much larger than European countries and
are in the same boat. Or, actually, they are much worse off.
By Todd Harrison