Europe’s Moment of Truth – Paul Krugman – The New York Times

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Photo credit: Wikipedia)

As usual, Nobel Prize winning, Paul Krugman, in his NYT blog, gets immediately to the heart of the issue. This is a good read. Check it out!

Europe’s Moment of Truth – The New York Times.

With Greece’s decision to go for a referendum, the creditors are now on the back-foot, struggling to exert further pressure. It will be interesting to see how financial markets react on Monday.

Thoughts?

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