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|Tonight’s Campus Question|
McClatchy reports European credit markets sinking after German Economic Minister Philipp Rösler said Greece may require an “orderly default” on her bonds. Greece had invested heavily in U.S. mortgage-backed securities, and the 2008 crash created her debt crisis. Harvard University economist Kenneth Rogoff told McClatchy that European markets may have to reach a “breaking point” before governments will act. Is political paralysis becoming the new normal in governments worldwide?