Tuesday 25 July 2017

Brendan Keenan: We're back in crisis -- all we can do is argue that everything is under control

Brendan Keenan

Brendan Keenan

WE WON'T turn a problem into a crisis, one insurance company used to say in its advertising campaign. In the view of many, that is exactly what euro-area leaders have done with the Greek problem.

It is certainly a crisis now.

"Utter panic" is how one analyst described the market for shorter-term government debt yesterday.

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