The Next Debt Crisis Could Come from Paris
Posted in Main Blog (All Posts) on July 24th, 2011 4:31 am by HL
The Next Debt Crisis Could Come from Paris
Mark Deen, Business Week
Buy a link now!By Mark Deen President Nicolas Sarkozy has been a key player in shaping Europe’s response to the debt crisis that has so far infected Greece, Ireland, and Portugal. Yet the most important thing he can do to shore up the euro may be to deal with the mounting economic problems in his own country. “On our current trajectory, we’re driving straight into the wall,” says Jacques Mistral, an economist at the Paris-based IFRI think tank and member of the French prime minister’s council of economic advisers….
Is Boehner the “Adult in the Room”?
Jennifer Rubin, Washington Post
The GOP Does Not Know How to Say Yes
Andrew Leonard, Salon
A Friday afternoon that will live in infamy? Just hours after the markets closed in the United States, Speaker of the House John Boehner released a statement announcing that he was abandoning negotiations on a debt ceiling deal with President Obama. The White House, he wrote, “is simply not serious about ending the spending binge that is destroying jobs and endangering our children's future.”The timing was significant. If Boehner had bailed on negotiations while markets were open, the Dow would have plummeted — and with good reason. There are very few people outside of the…
