Saturday, July 21, 2012

BBC News - Eurozone's long reform wishlist

BBC News - Eurozone's long reform wishlist: "Italian Prime Minister Mario Monti claimed Europe had "one week to save the euro" ahead of yet another crunch EU summit on Thursday and Friday.

France's president has called for a "growth pact", Tony Blair has urged a "grand bargain", the markets demand a "big bazooka", while in Germany there are rumblings about federalism.

Yet the economic and financial solutions to the eurozone crisis are actually surprisingly straightforward.

How so?"
Easy. Just ask how the exact same problems have been solved by the members of that other large (and much better functioning) single currency area - the United States of America.
'via Blog this'

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