Posted by & filed under Economic Analysis, Management Issues.

Description: IT’S a $2.6 trillion mystery. That’s the amount that foreign banks and other financial companies have lent to public and private institutions in Greece, Spain and Portugal, three countries so mired in economic troubles that analysts and investors assume that a significant portion of that mountain of debt may never be repaid.

Source: NYTimes.com

Date: 06/04/2010

Link: http://www.nytimes.com/2010/06/06/business/global/06toxic.html?hpw

Questions for discussion:

  • What are the similarities and differences in the financial markets today in comparison to just prior to the global financial crisis?
  • Do you believe that this situation in Europe will precipitate a double-dip recession?
  • How should financial managers deal with the conditions that exist in their industry and respective institutions?
  • How should investors look at the situation?

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