Wednesday, February 24, 2010
WTF?!?
it speaks
The EU is in deep doo-doo. And the doo-doo storm is coming our way.
WTH is this guy’s angle?!?
So makeshift assistance should be enough for Greece, but that leaves Spain, Italy, Portugal and Ireland. Together they constitute too large a portion of euroland to be helped in this way. The survival of Greece would still leave the future of the euro in question. Even if it handles the current crisis, what about the next one? It is clear what is needed: more intrusive monitoring and institutional arrangements for conditional assistance. A well-organised eurobond market would be desirable. The question is whether the political will for these steps can be generated.
*clicky*clicky* to see who’s big idea this is.
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