The Not-So-Safe Euro Zone 

Subregions of Europe (UN geoschme)
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Now the truth, and its consequences, must be faced: Corruption and tax evasion hobble the Greek economy. Millions work off the books. The private sector generates too few jobs and tax revenues, and one in four Greeks works for the state. It is a system designed to produce deficits.

The economic fortunes of all the euro-using countries are too tightly linked to contain the crisis to one of them. And Greece may not be alone for long. Similar financing crises could soon hit Ireland, Spain and Portugal. Market anxieties threaten the currencies of Poland, Hungary and the Czech Republic.

But foreign investors are rightly skeptical that Greece can achieve the magnitude of savings required at a time of recession and rising social and labor unrest.

Published: February 1, 2010

fights are escalating across Western Europe.

The stakes are high potentially higher for Google than anything that happens in China because Googles operations in Europe are so much larger and more lucrative. In Britain alone, Google has roughly 10 times its estimated sales in China. Across most of the Continent, Google is by far the most popular search engine, with a substantially larger market share over its rivals than it has over those in the United States.

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