{"id":28204,"date":"2011-09-12T17:31:23","date_gmt":"2011-09-12T17:31:23","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/paul_krugman-europe_is_an_impeccable_disaster\/"},"modified":"2011-09-12T17:31:23","modified_gmt":"2011-09-12T17:31:23","slug":"paul_krugman-europe_is_an_impeccable_disaster","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=28204","title":{"rendered":"Paul Krugman&#8211;Europe is An Impeccable Disaster"},"content":{"rendered":"<p>Financial turmoil in Europe is no longer a problem of small, peripheral economies like Greece. What\u2019s under way right now is a full-scale market run on the much larger economies of Spain and Italy. At this point countries in crisis account for about a third of the euro area\u2019s G.D.P., so the common European currency itself is under existential threat.<\/p>\n<p>And all indications are that European leaders are unwilling even to acknowledge the nature of that threat, let alone deal with it effectively.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2011\/09\/12\/opinion\/an-impeccable-disaster.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial turmoil in Europe is no longer a problem of small, peripheral economies like Greece. What\u2019s under way right now is a full-scale market run on the much larger economies of Spain and Italy. At this point countries in crisis<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=28204\">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":[40,50,460,595,592,149,591,200,590,468,478,454,448,151,446,586,596],"tags":[],"class_list":["post-28204","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-credit-markets","category-currency-markets","category-economy","category-euro","category-europe","category-european-central-bank","category-france","category-germany","category-greece","category-italy","category-politics-in-general","category-spain","category-the-2009-obama-administration-housing-amelioration-plan","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/28204","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=28204"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/28204\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}