FT: A Greek crisis is coming to America

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

“…Last week Moody’s Investors Service warned that the triple A credit rating of the US should not be taken for granted. That warning recalls Larry Summers’ killer question (posed before he returned to government): “How long can the world’s biggest borrower remain the world’s biggest power?”

Full Financial Times Article with an analysis on the current European financial crisis, the US deficit and the why betting on a steady economic grow won’t absorb the deficit.
The roots of the Greek and US crisis are different but the consequences may be similar.

Free registration probably required to read the article.
http://www.ft.com/cms/s/0/f90bca10-1679-11df-bf44-00144feab49a.html