{"id":10879,"date":"2009-01-24T03:18:12","date_gmt":"2009-01-24T03:18:12","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/for_some_in_euro_zone_dream_turns_nightmarish\/"},"modified":"2009-01-24T03:18:12","modified_gmt":"2009-01-24T03:18:12","slug":"for_some_in_euro_zone_dream_turns_nightmarish","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=10879","title":{"rendered":"For Some in Euro Zone, Dream Turns Nightmarish"},"content":{"rendered":"<p>\u201cThe Italians, the Spaniards, the Greeks, we all have been living in happy land, spending what we did not have,\u201d\u009d said George Economou, a Greek shipping magnate, contemplating his country\u2019s economic troubles and others\u2019 from his spacious boardroom. \u201cIt was a fantasy world.\u201d\u009d<\/p>\n<p>For some of the countries on the periphery of the 16-member euro currency zone \u201d\u201d Greece, Ireland, Italy, Portugal and Spain \u201d\u201d this debt-fired dream of endless consumption has turned into the rudest of nightmares, raising the risk that a euro country may be forced to declare bankruptcy or abandon the currency.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2009\/01\/24\/business\/worldbusiness\/24euro.html?_r=2&#038;hp\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe Italians, the Spaniards, the Greeks, we all have been living in happy land, spending what we did not have,\u201d\u009d said George Economou, a Greek shipping magnate, contemplating his country\u2019s economic troubles and others\u2019 from his spacious boardroom. \u201cIt was<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=10879\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,149,200,596],"tags":[],"class_list":["post-10879","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-economy","category-europe","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10879"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10879\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}