Worth reading
http://www.guardian.co.uk/world/2011...?newsfeed=true
That cheerful scenario is precisely the subject of Boomerang: Travels in the New Third World, Lewis's jaunty yet scary account of his travels in four countries at the heart of the crisis. He visits Iceland to investigate just how a tiny island nation in the middle of the North Atlantic could go through one of the most spectacular banking boom-and-busts in history. He trawls through the sorry tale of the Irish real estate bubble and the epic tragedy that is Greece before examining Germany: Europe's reluctant rescuer. But finally, and harrowingly, he ends his journey back in the US, warning that Americans have little reason to feel safe from the danger. Instead, they are simply last in line.
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