Eurozone Crisis Goes Critical - Germany's Turn?
Professor Max Fraad Wolff, Economist/Instructor, New School University joins Thom Hartmann. A new report by the Organization for Economic Cooperation and Development warned that the German economy could sink into a recession during the second half of this year. Germany's is the biggest economy in the Eurozone, and has largely been spared from the debt crisis that is dragging other nations like Greece, Portugal, Spain, and Italy into economic ruin. But this report suggests that it's just a matter of time before Germany, too, starts to go under - signaling that the Eurozone crisis is reaching a new stage - where even the strong can't survive. News of Germany's woes comes on the heels of a decision by the European Central Bank to buy bonds in struggling Eurozone nations to ease the debt crisis. So what can we expect to come out of Europe in the next few weeks and months that could have a serious affect on the US economy?