Meanwhile in Europe

Of course, how can a blog about sovereign default fail to at least mention the fun in Europe? I once predicted that the consequence of the European sovereign debt crisis would be, not the end of the euro, but the end of eurozone expansion. At the time, the end of the euro was an extreme scenario, imagined only by confirmed "Euroskeptics". Now, mainstream commentators are talking about the euro's end. So let me stick to my middle-ground prediction.

debt downgrades

A post from Daniel Davies at Crooked Timber inspired the creation of this blog. Now another CT regular, John Quiggin, asks "When will US debt be downgraded? By how much?"