After more than 18 months, a dozen and a half summits, multiple rounds of austerity, a trillion dollars of liquidity, and now elections in Greece and France that threaten to overturn the fragile policy consensus in Europe, the Euro-crisis rumbles on. How it could end, badly, with a bank run through the European bond market or the collapse of confidence around Greece, Spain or Italy, is well understood. What is less well understood is how to resolve it.
Question the Euro Crisis
After more than 18 months, a dozen and a half summits, multiple rounds of austerity, a trillion dollars of liquidity, and now elections in Greece and France that threaten to overturn the fragile policy consensus in Europe, the Euro-crisis rumbles on. How it could end, badly, with a bank run through the European bond market […]
May 04, 2012