The Euro Bailout Plan Does Not Solve the ProblemThe bold measures taken by the Eurozone countries, the IMF and the US are to be applauded only in that the plan buys time for the restructuring of the Eurozone. It provides adequate liquidity in the near-term, and from the European perspective, is unorthodox indeed. By allowing the European Central Bank to buy [...] [ Continue Reading.. ]The Periphery of the Eurozone Should Redenominate this WeekendAs each day passes, and I watch and read about events in Europe, I grow increasingly frustrated. The Eurozone as it exists today is doomed, and if it isn’t soon dismantled, it risks derailing the worldwide now underway. Watching the Greek parliament pass an austerity bill for me was analogous to watching the [...] [ Continue Reading.. ]The US Should Buy Euros to Prevent Negative Effects on USI normally wouldn’t call for the US Government to intervene in foreign exchange markets, but I think we are posed with a difficult and unusual problem. Also, I don’t mean simple swap lines, but rather an increase in US international reserves is required. My personal view, as I have expressed on a number [...] [ Continue Reading.. ]Greece: The Final FrontierIt is not news to anyone that Greece is struggling with a fiscal crisis of major proportions. Unfortunately this is not the first time this has happened. In fact, Greece had to receive special assistance from the European Union (EU) in the early 1990’s, along with Italy, because its domestic debt was turning [...] [ Continue Reading.. ]
|
