Monday, September 26, 2011

Great Comment On EMU

“What if the Euro experiment, instead of introducing the new currency, had simply been the proposition that all EU countries issue their sovereign bonds denominated in Deutsch Marks? Wouldn't it have been clear immediately that certain problems with such a scheme were unavoidable? And isn't that essentially where we are now?”

1 comment:

james said...

I do not believe that the problems in the euro zone can be solved quickly. It will take years if not decades to resolve the issues outstanding.