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The Euro crisis, in brief

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An excerpt from a lengthy New York Times Magazine article titled "Europe's Financial Crisis, in Plain English.''

"Yet the bottom line is simple: Europe's problems are a lot like ours, only worse. Like Wall Street, Germany is where the money is. Italy, like California, has let bad governance squander great natural resources. Greece is like a much older version of Mississippi — forever poor and living a bit too much off its richer neighbors. Slovenia, Slovakia and Estonia are like the heartland states that learned the hard way how entwined so-called Main Street is with Wall Street. Now remember that these countries share neither a government nor a language. Nor a realistic bailout plan, either.''

THE WEEK THAT WAS

WINNER: Tampa International Airport

A CNN travel website rated it No. 6 in its rating of the top 10 most loved airports in the world. TIA was the only U.S. airport on the list.

LOSER: St. Petersburg

Men's Health magazine named it the saddest city in America. And it's sad indeed to be ranked worse than Detroit in anything.

An excerpt from a lengthy New York Times Magazine article titled "Europe's Financial Crisis, in Plain English.''

"Yet the bottom line is simple: Europe's problems are a lot like ours, only worse. Like Wall Street, Germany is where the money is. Italy, like California, has let bad governance squander great natural resources. Greece is like a much older version of Mississippi — forever poor and living a bit too much off its richer neighbors. Slovenia, Slovakia and Estonia are like the heartland states that learned the hard way how entwined so-called Main Street is with Wall Street. Now remember that these countries share neither a government nor a language. Nor a realistic bailout plan, either.''

THE WEEK THAT WAS

WINNER: Tampa International Airport

A CNN travel web site rated it No. 6 in its rating of the top 10 most loved airports in the world. TIA was the only U.S. airport on the list.

LOSER: St. Petersburg

Men's Health magazine named it the saddest city in America. And it's sad indeed to be ranked worse than Detroit in anything.

Looking ahead: Figures on new unemployment claims come out Thursday.

Looking ahead: Figures on new unemployment claims come out Thursday.

The Euro crisis, in brief 12/03/11 [Last modified: Saturday, December 3, 2011 3:31am]

    

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