Tyler Durden — Morgan Stanley's Joachim Fels Says Europe's Pandora's Box Has Been Opened

Zero Hedge has a short summary of a client note sent by Morgan Stanley's Joachim Fels that sees the EZ situation worsening, along the lines that MMT predicted from the outset of the ill-designed EMU.

Read the whole post (it's short) at Zero Hedge
Morgan Stanley Says Europe's Pandora's Box Has Been Opened