Desmond Lachman
economy, Debt
U.S. economic policymakers would be well-advised to prepare now for a worst-case Italian debt default scenario.
The world is already experiencing the worst global economic recession in the postwar period, so the last thing its global economy needs is another round of the Italian sovereign debt crisis. Yet that seems to be what the German constitutional court now has set it up to experience by throwing into question the legality of the European Central Bank’s bond-buying program. Читать дальше...