Greece and the myth of the easy economic fix

Greece and the myth of the easy economic fix
Steven Pearlstein, Washington Post, May 5, 2010
For the past year, I've been warning that the imbalances underlying the financial crisis -- the explosive growth of credit, the mispricing of risk, the mispricing of real estate and other assets, the overcapacity in the global economy -- were so huge that a quick and easy economic recovery was highly unlikely.

http://www.washingtonpost.com/wp-dyn/content/article/2010/05/04/AR2010050405128.html?nav=rss_opinion/columns