Saturday, December 03, 2011

Not-so-optimistic views on West's debt crisis

German Chancellor Angela Merkel 'has said that the financial crisis in the Eurozone "will take years" to solve. 'Earlier, BBC's HARDtalk aired an interview with Mohamed El'-'Erian who shared his insightful views. The financial crisis seems to be structural and not cyclical or random. Meanwhile, the upheaval in the Middle East (or West Asia) and North Africa ('as well as parts of South Asia') persists with twists and turns.