A woman walks past a destroyed building in central Athens on Monday Feb. 13, 2012. (AP Photo/Dimitri Messinis)

Analysis: Europe Takes A Step Into The Abyss

The markets are expecting a politically rudderless Greece to exit from the euro within weeks, if not days. An economic storm to make 2008’s bank collapse feel like a mild shower is now increasingly likely. For four years, European leaders have been staring into the abyss. Co-ordinated European spending cuts triggered rampant unemployment in Portugal, […]