Papadimitriou, Dimitri Basil; Wray, L. Randall - 2011
exposure to Europe and you are up to a potential $3 trillion hit to US finance. Another global financial crisis is looking … probability of a return to financial crisis and recession. We conclude that difficult times lie ahead, with a high probability … Europe. It may be too late already. -- Sovereign Debt ; PIIGS ; European Monetary Union ; Global Financial Crisis ; Debt …