Now, it is official: Euro-mess is escalating rapidly
I've just got offical confirmation on something that all of us have been suspecting all along: The European crisis is actually much deeper, much worse, and is likely to last much longer than what any one of us currently imagine. This time, there is official confirmation of the actual degree of the chaotic problem that we are all facing right now.
IMF Chief says: European crisis escalating rapidly - The IMF Boss, Christine Lagarde says: "Lagarde said that if countries don't work together, the world will face a situation similar to the 1930s, before the world slid into World War II. There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super- advanced economies that will be immune to the crisis that we see not only unfolding, but escalating at a point where everybody would actually have to focus on what it can do"