Chaos Over New Elections Deepens Fear of a Greece Chain Reaction

Domino Effect

Zachary Karabell says we should be wary of Greek dominos falling, but the global obsession is overblown.

Published May 16 2012 4:45AM EDT

articles/2012/05/16/what-remains-most-frightening-is-the-fragility-of-the-markets-and-the-obsession-with-impending-doom-that-lens-is-as-distorted-as-the-pollyannaish-mantras-of-the-1990s/greece-problems-usa-karabel_ypkuo9 — Lousia Gouliamaki, AFP / Getty Images

For the third May in a row, events in Greece have taken on global significance. The spark this May, the rising debts and plunging growth of the onetime hub of civilization, is largely the same.

Zachary Karabell

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Chaos Over New Elections Deepens Fear of a Greece Chain Reaction

Zachary Karabell says we should be wary of Greek dominos falling, but the global obsession is overblown.

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Zachary Karabell