Simon Johnson: Is Europe on the Verge of a Depression, or a Great Inflation?

MIT Sloan Prof. Simon Johnson

From the New York Times

The news from Europe, particularly from within the euro zone, seems all bad.

Interest rates on Italian government debt continue to rise. Attempts to put together a “rescue package” at the pan-European level repeatedly fall behind events. And the lack of leadership from Germany and France is palpable – where is the vision or the clarity of thought we would have had from Charles de Gaulle or Konrad Adenauer?

Read the full column:  New York Times Economix 

Simon Johnson, a professor of global economics and management at MIT Sloan, is the former chief economist at the International Monetary Fund and co-author of 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown

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