Professor Elam

Tuesday Nov 23 2010

Pritchard Evans suggests a couple of alternatives for a Euro solution. Either flood the market with cheap currency ala Bernanke or Germany cuts the weak sisters loose and joins the Dutch in a more stable Euro arrangement. 

Class, the problem here is not bailing out the specific countries of Greece then Ireland then Portugal then Spain but the problems of everyone in the Eurozone that is holding the debt of these countries, they do not want to go bankrupt. 

Again it is worthwhile to read outside your own country for perspective.