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Home>A Greek Tragedy, ‘PIIGS,’ and a Euro Challenge

A Greek Tragedy, ‘PIIGS,’ and a Euro Challenge

Perspectives Content Submission

Tue, 23 Feb 2010

The past few weeks have seen a financial crisis develop in Europe. Some excitable folks have even compared it to America’s subprime crisis of late 2008 and 2009. While such parallels surely exaggerate, matters in Europe are nonetheless serious, especially because European banks are highly leveraged

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