The Non-Scenic Route to the Place We’re Going Anyway
John Lanchester: The Belgian Solution, 8 September 2011
“... which is in turn causing the predicament of governments to intensify, as confidence sinks and the self-fulfilling expectations of a second downturn take hold. This in turn puts pressure on expectations about governments’ abilities to repay their debts, which further lowers confidence, and so on. It’s starting to look as if the best-case scenario for the ... ”