The EU crisis: An Actual Crisis...

Vitus has been depreciative of the importance of the building Eurozone crisis.  Not any more.  Run, don't walk, to this post by Ed Harrison.  Sound bite (his bold):

If the ECB writes the check, the economic and market outcomes are vastly different than if they do not. Your personal outlook as an investor, business person or worker will change dramatically for decades to come based upon this one policy choice and how well-prepared for it you are

Krugman and others are also exercised about the EU.  Rosenberg is worried, but not near as much as Harrison.  Wonder what the thinking is...  I'll report back from the front.