Today, the big economic risks come not from the United States, but from European countries struggling to figure out a long term solution to sovereign debt and the weak institutional underpinnings of the euro. […]
A failure by Italy to finance its debt could cause a massive banking crisis that could spell the end of the euro, but Italy’s problems are too severe to be remedied by any simple solutions. […]
Financial market turmoil and U.S. debt woes threaten to undermine the global recovery, but the biggest danger to the world economy comes from Europe and its worsening debt crisis. […]
The G20 should consider a bailout of Italy, which would also serve as an intervention for the euro and euro zone itself. […]
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