Fundamental Changes In European Financial Markets

06/28/2010 05:12 am ET | Updated May 25, 2011
  • Simon Johnson The Baseline Scenario

Most days we can coast along, confident that tomorrow will be much like yesterday. On a very few days we need to look hard at the news headlines, click through to read the whole story, and then completely change a large chunk of how we thought the world worked. Today is such a day.

Everything you knew or thought you believed about the European economy - and the eurozone, which lies at its heart - was just ripped up by financial markets and thrown out of the proverbial window.

Read more on The Baseline Scenario

YOU MAY LIKE