Just to supplement the previous conversation - anyone who really wants to know what is going on in Europe seriously, seriously needs to be reading Randy Wray, Steve Keen and subscribing to Yves Smith's Naked Capitalism blog...
http://www.nakedcapitalism.com/2011/09/randy-wray-euro-toast-anyone-the-meltdown-picks-up-speed.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29
Dr Jon Cloke
Lecturer/Research Associate
Geography Department
Loughborough University
Loughborough LE11 3TU
Office: 01509 228193
Mob: 07984 813681
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