Belgium's problems have largely been flying under the radar, but reckless cross-border lending...

|By:, SA News Editor
Belgium's problems have largely been flying under the radar, but reckless cross-border lending by big banks has made many nations, especially Belgium, vulnerable to Ireland's fiscal crisis, Simon Johnson writes. CDS linked to Belgian debt have risen to a record high, and the country faces an important test Monday when it tries to sell €1.5B-2.5B worth of bonds.