Wednesday, June 22, 2011

Time for Plan B; Unfortunately there is No Plan B

"How long can the ECB kick the can down the road? How big a hole will Greece dig before the ECB, the EU, and IMF realize that "Plan A" (austerity will fix problems by 2013), cannot possibly work? Is the amount of money the EU, IMF, and ECB willing to throw at Greece unlimited?

Those are the questions on my mind as I read How the Euro Became Europe's Greatest Threat on Der Spiegel..."

at http://globaleconomicanalysis.blogspot.com/2011/06/time-for-plan-b-unfortunately-there-is.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

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