OP-ED COLUMNIST
By PAUL KRUGMAN
Published: October 27, 2011
REYKJAVIK, Iceland
Fred R. Conrad/The New York Times
Paul Krugman
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Financial markets are cheering the deal that emerged from Brussels early Thursday morning. Indeed, relative to what could have happened — an acrimonious failure to agree on anything — the fact that European leaders agreed on something, however vague the details and however inadequate it may prove, is a positive development.
