Saturday, October 01, 2011

EU reality

This article written by one of my former professors details much of the problems occurring in the EU area. As I have maintained since the beginning of this blog, all options save dissolution are suboptimal

The article draws comparison to the TARP program instituted by the Treasury during the last financial crisis...a good point and it is instructive to think of the present situation as a card game where no one wishes to show their hands, all of which are bad. Germany has the chips, but may be more inclined to walkaway from the table.

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