Wonkbook: The economic crisis has become a political crisis

"The world economy is paying a price for democracy," write Rich Miller and Simon Kennedy. How big of a price? Well, some of the continent's major indexes, such as the German DAX, dropped five percent on Monday morning, and the futures markets say we're headed for a tumble, too. And this isn't just the invisible fist punching the global economy in the gut. JP Morgan, Morgan Stanley, Citicorp, UBS and Societe Generale SA have named political paralysis as one factor contributing to their ever-gloomier outlooks for the recovery.

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Jon Cohen 06 Sep, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=9b106360a154fd6778bfd3de6e65c748
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