The tragedy of Greece is the inevitable outcome of EU leaders' hubris in imposing a single currency and a single interest rate on incompatible economies.

ECONOMIST: Charlemagne

That unpleasant outcome was dubbed the Tragedy of the Commons.

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As we watch the events unfolding in Japan and hope for the best possible outcome given the existing circumstances, realize that the economic impact of the tragedy remains unknown.

FORBES: When All Else Fails, Go Long