IMF: Europe Risks Sovereign Debt and Bank Meltdown
This video is explosive. Dr. Robert Shapiro, an advisor to the International Monetary Fund, is saying in no uncertain terms that the dithering approach that Europe has taken will lead to crisis in a very short period, two to three weeks. (Hat tip Maria)
He’s not saying anything we haven’t said here. It’s good to see someone in officialdom gets it. By tomorrow, I expect a NY Times piece that I wrote yesterday will be released saying exactly the same. I will post a link when it comes out.