Euro Bias II

Europe losing battle against debt crisis – FT.com.

This well-educated economist with a cushy job does not see the simplest solution to the Eurocrisis either. He sees three (only 3!) problems in the Euro area. The first two problems are actually one, an uncompetitive labor market for each of the effected countries. The next problem isn’t really the problem, but merely a symptom of the larger problem of low economic growth.

If this economist could just come to terms with the end of the euro, he could write a much better plan for solving the crisis, which I will do in an upcoming post.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s