December 19, 2011

EUROPE: DSK: No ‘Firewall’ Exists, Europe Has ‘Only Weeks.’ “”It appears today as a debt crisis. More than that, it is a growth crisis. Behind the growth crisis is a leadership crisis.”

UPDATE: Greek Budget Deficit To Pass 10% Of GDP, Country Stops Most Cash Outlays. And nothing encourages future tax compliance like hanging on to people’s refunds today! Of course, we’ve seen the same thing in California.

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