Sovereign Crisis from Economic Stimulus to Debt Austerity Snowball Effect

Economics / Global Debt Crisis
Jun 18, 2010 - 11:26 AM

By: Mike_Larson

A blockbuster draft report from the European Commission saw the light of day recently, thanks to some reporting from Bloomberg. It highlights an incredibly dangerous Catch-22 facing many sovereign nations — the “Snowball Scenario.â€