''Is the world economy about to enter a 'long winter'?''

from voice of russia...

''Interview with Fredrik Erixon, the Director of the European Center for International Political Economy in Brussels''


........."And of course they might lead to an even further and more sharper turndown in the global economy and of course one of the major downward risks is that you are going to see disorderly developments in the Eurozone where one or two countries may have to be discharged from the Eurozone. And then we are going to see sovereign defaults which are going to spread and cascade in other countries, not only countries in Europe but also to the US economy and to the global economy more generally."