11/11/2011 08:36 am ET Updated Jan 11, 2012

Paul Krugman: Legends Of The Fail

This is the way the euro ends — not with a bang but with bunga bunga. Not long ago, European leaders were insisting that Greece could and should stay on the euro while paying its debts in full. Now, with Italy falling off a cliff, it’s hard to see how the euro can survive at all.

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