Thursday, 3 November 2011

Europe’s Plan To End the Debt Crisis

Europe’s Plan To End the Debt Crisis – Putting The “Con” in “Confidence” Part 2

The European debt endgame remains the same: fiscal union (greater integration of finances where Germany and the stronger economies subsidise the weaker economies); debt monetisation (the ECB prints money); or sovereign defaults.
http://www.nakedcapitalism.com/2011/11/europe%e2%80%99s-plan-to-end-the-debt-crisis-%e2%80%93-putting-the-con-in-confidence-part-2.html