This post already appeared in the Hurriyet Daily News on May 30; Europe Economonitor is just republishing it, but I just wanted to cross-link for the readers who might have missed it the first time around...
By the way, it was apparently put at the Roubini Global Economics website late Friday afternoon (EST), but somehow it did not appear under my RGE website (and it still does not all the time, I have no idea what's going on). Therefore, I noticed that it was published on Wednesday (June 23), but I am posting it with the original publishing date for archiving purposes.
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