For those who think that all is well in Europe : if Paul Krugman is right, and I think there is a significant probability that he might be, we're in for an extremely bumpy ride in Europe, not to mention a real catostrophy.
Read : http://krugman.blogs.nytimes.com/2014/10/11/europanic-2-0/?_php=true&_type=blogs&module=BlogPost-Title&version=Blog%20Main&contentCollection=Opinion&action=Click&pgtype=Blogs®ion=Body&_r=0.
And one short quote for the "visionaries" in our government :
"Augh! If it’s external competitiveness you’re worried about, depreciating the euro is what you want, not wage cuts. And cutting wages in a liquidity-trap economy almost surely deepens the slump. How can this not be part of what everyone understands by now?"
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