Political Paralysis Worsens European Debt Crisis

Barely two weeks ago, it appeared that European leaders had a package to contain their debt crisis. Greece's problems would be managed, with private bondholders taking a hit on their investments and a new bailout to help the government meet its obligations. A European rescue fund would protect Italy and Spain from any risk spreading from Greece.

Posted: Mon, 11/14/2011 - 12:58pm