Saturday, September 10, 2011

Barry Eichengreen: Europe Is On The Verge Of A Political Breakdown

"Europe is again on the precipice. The most recent Greek rescue, put in place barely six weeks ago, is on the brink of collapse.

The crisis of confidence has infected the eurozone’s big countries.

The euro’s survival and, indeed, that of the European Union hang in the balance.

European leaders have responded with a cacophony of proposals for restoring confidence..."

at http://www.project-syndicate.org/commentary/eichengreen34/English#ixzz1Xa2vDhpO