Concerns are growing that contagion could spread to other countries on Europe's southern tier and even infect the Continent's banking system.
This confidence can keep growing by contagion, as a kind of self-fulfilling prophecy, and we may see the markets and the economy recover further.
Fears of a credit freeze are growing as the contagion spread to banks in Europe.
As tempers continued to flare in Greece, concerns were growing that the financial contagion could spread to the indebted countries of Europe's southern tier and undermine a global recovery.
China is expected to remain the star, with 7% growth in both yearLast time Latin America was tipped to be the world's fastest growing region, but as contagion has spilled over from Asia and Russia, growth forecasts have been savagely cut.
The longer restructuring is put off, the more Greek debt will be owed to official lenders, whether other EU governments or the IMF so the more taxpayers will eventually suffer.The third objection to denial is that fears of contagion are growing, not receding.
Financial contagion may have been contained for now by the European Central Bank, but political contagion is a growing risk.
Gun battles have broken out between rival groups in Tripoli, Lebanon's second city, as fears of contagion grow.
The petri dish where the hateful contagion grows is right at our fingertips.
PARIS — As European leaders prepare to convene on Thursday in another emergency summit meeting, a new awareness is growing: Greece is effectively insolvent, contagion is spreading to Italy and Spain, and time is running out to shore up confidence in the euro.
