Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts

Wednesday, June 06, 2012

Genesis of the crisis in Europe

Europe is going through a financial crisis. It's becoming worse day by day, final outcome unknown. 
Many reasons have been offered for it. However, I came across an article titled "The idea of Europe" by Prabhat Patnaik (The Telegraph, 5 June 2012) which throws new lights on its origin.
I did follow the financial meltdown since it erupted on 15 September 2008. Read many articles on it. But, must admit that I didn't come across any analysis that seemed so much to the point. The analysis is from a totally new angle, is very interesting, and - once you read it - seems perfectly logical.
I'd be happy to present a summary of his main arguments, if you are interested. Do leave your comment/request below.