Saturday, December 3, 2011
Eurozone: A Bad Marriage
Kenneth Rogoff explained the fundamental issue regarding the eurozone perfectly: It is as is 17 unmarried individuals are sharing a bank account. Next week, leaders are meeting to discuss the fate of the euro. Angla Merkel, accordingly, believes there needs to be a treaty revision. Namely there needs to be swift and deliberate action to move towards fiscal consolidation before any more bailout discussions can occur.So what is all this fuss about eurobonds? Countless individuals continue to
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