{"id":17924,"date":"2010-02-15T03:31:39","date_gmt":"2010-02-15T03:31:39","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/the_economist_leader-new_dangers_for_the_world_economy\/"},"modified":"2010-02-15T03:31:39","modified_gmt":"2010-02-15T03:31:39","slug":"the_economist_leader-new_dangers_for_the_world_economy","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=17924","title":{"rendered":"The Economist Leader&#8211;New dangers for the world economy"},"content":{"rendered":"<p>Last year it was banks; this year it is countries. The economic crisis, which seemed to have eased off in the latter part of 2009, is once again in full swing as the threat of sovereign default looms.<\/p>\n<p>Europe\u2019s leaders are struggling to avert the biggest financial disaster in the euro\u2019s 11-year history&#8230;. This week all eyes have been on Greece. If it defaults, it will be the first EU member to do so. As The Economist went to press EU leaders were meeting to discuss what to do, and there was talk of a German-led rescue scheme. If it happens, other European candidates may be queueing up. Bond markets are worried about the capacity of Spain (see article), Ireland and Portugal to repay their debts, forcing these countries to increase taxes and cut spending, even as they remain mired in recession.<\/p>\n<p>Europe\u2019s troubles have given investors good reason to worry; but they are not the only cause for concern.<\/p>\n<p><a href=\"http:\/\/www.economist.com\/printedition\/displayStory.cfm?Story_ID=15498064\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year it was banks; this year it is countries. The economic crisis, which seemed to have eased off in the latter part of 2009, is once again in full swing as the threat of sovereign default looms. Europe\u2019s leaders<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=17924\">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":[39,40,50,149,199,200,468,478,119,454,325,151,446,596,584],"tags":[],"class_list":["post-17924","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-economy","category-england-uk","category-europe","category-france","category-germany","category-globalization","category-greece","category-ireland","category-politics-in-general","category-spain","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/17924","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=17924"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/17924\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}