And Now? A Dark Scenario
May 03, 2010 at 13:18 PM EDT
Eurozone members, the IMF, and the ECB have announced significant commitments to assist debt-laden Greece. This column outlines a dark scenario in which the plan fails and contagion spreads, necessitating further assistance to other indebted Eurozone governments. That could risk high inflation or debt problems for the entire Eurozone. The weekend announcement of a new plan [...]