So, ergo (or whatever is the smart phrase), imagine a country, no in this case a continent, living on credit. That is what Europe is doing with its European Sovereign Debt Crisis (ESDC). And you thought Europe was a solid (though cold) continent with sturdy cobbled streets and beautifully maintained castles. Ah, the dream intervenes! Now it seems -- according to this article -- the European Sovereign Debt Crisis hasn't left India alone. The prognosis is that the Kingfisher financial crisis is part of the ESDC. What do we deduce from this? Super airlines to super dud? From super power to super flop? Jobs will be affected and a lot of fat tears will be shed in corporate cubicles. You bet.
Meanwhile, all we can do is wait and watch.