Euro Debt Crisis disccued on Charlie Rose

I [heart] Gillian Tett.

The situation sounds analogous to the one facing Paulson, Bernanke and Geithner back in 2008 except in place of financial institutions like Bear Stearns, Lehman and AIG, you have governments and in place of American regulators and government officials, you have German politicians and the ECB. There is also the question of the Euro Zone. The markets didn't trust the banks' books back in 2008 and now they don't trust these government books. Slow economic growth worsened the situation.