Opinion | A Money Too Far (Published 2010)

So, is Greece the next Lehman? No. It isn’t either big enough or interconnected enough to cause global financial markets to freeze up the way they did in 2008. Whatever caused that brief 1,000-point swoon in the Dow, it wasn’t justified by actual events in Europe. Nor should you take seriously analysts claiming that we’re seeing the start of a run on all government debt. U.S. borrowing costs actua

[Scatterbrain]

What remains seems unthinkable: Greece leaving the euro. But when you’ve ruled out everything else, that’s what’s left

[aki1770]

Paul Krugman:"So, is Greece the next Lehman? No. It isn’t either big enough or interconnected enough to cause global financial markets to freeze up the way they did in 2008."