The debt crisis is not limited to Greece and the eurozone

“The Greek crisis is not limited to the euro zone,” CASE President Marek Dabrowski told the International Herald Tribune. “When you look at the world economic outlook, it is clear that in many advanced countries, such as the United States and Japan, there is a huge expansion of public debt as a result of the financial crisis and recession as well as short-term fiscal policy. So Greece is not an isolated case.”

See "Transformation of the E.U. Has Not Been Painless" published on May 23, 2010 in the International Herald Tribune for more comments by Marek Dąbrowski on savings, public sector borrowing, access to credit and EU reform fatigue.