Lost at sea

Szala, Ginger
July 2012
Futures: News, Analysis & Strategies for Futures, Options & Deri;Jul2012, Vol. 41 Issue 7, p6
The article focuses on the different views on austerity. It notes that some economists and experts believed that austerity is the cure for the ailing economies in Europe and in the U.S. but others considered it as a stumbling block to economic growth. It also notes that the white paper on the crisis of PricewaterHouseCoopers LLC has cited possible scenarios in the Eurozone in 2012 including the exist of Greece, formation of a currency union, and voluntary defaults for indebted sovereigns.


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