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well yes, back to the core problem, which is bankrupt banks whose bankruptcies have not yet been acknowledged. Zombie banks, and we are sacrificing our economies to save their creditors.

This is not a euro problem, this is a massive scale redistribution problem. The only euro problem I see is that we proved that we can't have euro-zone convergence the easy way, i.e. via private-debt fueled consumption. It needs t be public transfers for investment.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sat Mar 17th, 2012 at 07:28:10 PM EST
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