People are going to die, and there is going to be economic pain. The final numbers of both are what has been, and still is being, negotiated.
In the end, that’s all we can do in a situation like this: stack the odds in our favor. And then hope and pray very hard that our gamble works.
Our Swedish friends, inhabitants of the fifth largest country in Europe representing more than 10 million people, have a bit of a problem on their hands if projections turn out to be true. The Swedish Government is not overly worried…yet.
James Hanley relays economics news sure to wholly satisfy nobody.