BUSINESS
06/11/2012 08:40 am ET Updated Aug 11, 2012

Paul Krugman: 'The Whole Story Is Starting To Feel Like A Comedy Routine'

Oh, wow -- another bank bailout, this time in Spain. Who could have predicted that?

The answer, of course, is everybody. In fact, the whole story is starting to feel like a comedy routine: yet again the economy slides, unemployment soars, banks get into trouble, governments rush to the rescue -- but somehow it's only the banks that get rescued, not the unemployed.

Read more on The New York Times