Toronto Star: Eurozone cure could be worse than disease

[marmar]

Europe has put itself — and the world — in an impossible position.

If its plans to deal with the continent’s accelerating debt crisis don’t work, cascading bank failures could trigger another global financial meltdown, like the one that knocked Canada for a loop three years ago.

But if these plans do succeed, the result could be mass unemployment and political instability across a wide swath of Europe.

And that, as history demonstrates, would threaten Canada and the world even more. .............(more)

The complete piece is at: http://www.thestar.com/news/canada/politics/article/1076499--walkom-eurozone-cure-could-be-worse-than-disease