While Angela Merkel, Nicolas Sarkozy, and others trying to guide the EU out of the gutter have been forced to sound overly optimistic, the Economic and Financial Committee appears to be more in touch with reality, taking into the account the possibility of a renewed crisis in the financial sector that could reverberate into the real economy.
FORBES: Official Euro Document: Crisis Now Systemic As Bank Liquidity Problem Fuels Vicious Feedback Loop