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D.C. Closed Again on Tuesday and Euro Perspective

By Anonymous

From the WaPo: Federal government will be closed on Tuesday. More snow ...

This could mean that some of the economic releases might be delayed this week.

And from Paul Krugman: Euro perspective. Professor Krugman provides a pie chart putting the GDP of the PIGS (Portugal, Ireland, Greece and Spain) into perspective.

Greece, which is making most of the headlines, is a tiny economy. So are Portugal and Ireland. The only sizable player among the countries in the news right now is Spain. ... the group of stressed economies account for about 20 percent of the eurozone?s GDP.

So muddle through might work.

Full post as published by Calculated Risk on February 09, 2010 (boomark / email).