LO PEOR de la crisis del euro está por venir, escribe Wolfgang Münchau en el Financial Times:

The downturn began this summer, and appears to have gained momentum. Bank lending to the private sector has fallen for two months. Broad money supply is well below the reference rate. A widely followed purchasing managers’ survey points towards a decline in manufacturing activity in August. For all we know, the eurozone may already be in a recession right now.

Leed el resto, pero aviso de que no es bonito.