The Wall Street Journal reports that European stocks "plunged" today, "as investors worried the world's largest economy may be heading for a recession." This news reminds us that the US is not alone in its struggle to restart significant economic growth. And the problems in Europe continue to have their own dire consequences. On the latest Planet Money podcast, Columbia finance professor David Beim laid out some possible worst-case scenarios for the Eurozone and Europe:
So the end of the Euro, riots, bank runs? How likely are these scenarios? What do you see as the worst-case scenario? What do you see as the most likely scenario for Europe?
Posted
09-05-2011 10:20 AM
by
Graham Griffith
Filed under: recession, Wall Street Journal, banks, david beim, bailouts, planet money, Germany, Europe, eurozone, euro, Greece, Spain, Portugal, Italy, Ireland, austerity, worst case scenario, bank runs