The New Yorker – The financial crisis in Europe, seemingly never-ending, has now entered a potentially disastrous phase. With interest rates on Italian and Spanish debt soaring, France looking shaky, and even Germany having trouble in the debt market, there’s a real possibility that the euro zone might just break apart—with dire consequences not just for Europe but also for the rest of us.
Yet what’s easy to miss, amid the market tremors and the political brinksmanship, is that this is that rarest of problems—one that you really can solve just by throwing money at it
