From Charles Wyplosz, professor of international economics at the Graduate Institute Geneva:
What we see now is the revelation that the situation in eurzone is very precarious. We are sitting on a powder keg.
Wall Street Journal, 10/17/14
If it is a revelation to the good professor that a bunch of Europe’s welfare states are going bankrupt, then we have proof positive that the US is not the only nation with empty suits in the economics departments of prestigious institutions of higher learning.
