.... disaster like an approaching hurricane. The credit scores of France and eight other European countries had just been knocked down. Negotiations to bail out an all-but-bankrupt Greece had stalled, or died—it wasn’t clear which.
At a meeting that morning, the fund’s board heard that European countries were not doing the maximum necessary to stave off a financial implosion that could suck the life out of America’s anemic recovery and bring Western economies again to the brink of recession, or worse.
.... disaster like an approaching hurricane. The credit scores of France and eight other European countries had just been knocked down. Negotiations to bail out an all-but-bankrupt Greece had stalled, or died—it wasn’t clear which.
ReplyDeleteAt a meeting that morning, the fund’s board heard that European countries were not doing the maximum necessary to stave off a financial implosion that could suck the life out of America’s anemic recovery and bring Western economies again to the brink of recession, or worse.