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May 10, 2010

Greek Contagion Myth Masks Real Crisis

Caroline Baum, Bloomberg


AP Photo

 Greece sneezes and Portugal catches a cold. Portugal coughs and Spain falls ill. Spain runs a fever and Italy comes down with the flu.

Contagion, or contagion theory, is sweeping the euro zone, where Greece's debt crisis is infecting neighboring countries and threatening to make its way across the Atlantic to U.S. shores.

 

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Related Topics: budget, Greece

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