Industrial Insight

Interest rates in Europe suggest more trouble. | December 22, 2011

The Most Important Graphs of 2011

By Derek Thompson

Dec 21 2011, 2:55 PM ET
“Despite repeated European Summits over the past eighteen months that were supposed to provide definitive resolutions to the European debt crisis and despite enormous IMF-EU bailout packages, government borrowing costs for the European periphery rose to unsustainable levels. More disconcerting yet, by mid-2011, a crisis that had embroiled the smaller countries like Greece, Ireland and Portugal, started knocking on the door of Italy and Spain, which is now calling the very survival of the Euro into question” — Desmond Lachman, AEI

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