Tuesday, October 11, 2011

The greatest threat to the Euro

Excellent German condescension from Der Spiegel: "Do you want to be the man who destroyed the Euro?"

But the Slovakian guy hammers him: The greatest threat to the Euro is the bailout fund itself!

The story....

My man Joel R asks, "Is this the only European leader making sense? Forget about Germans - who on the whole probably benefited from euro policies - why should a relatively poor country - for Europe - bail out the banks?"


Les Cargill said...

So the way to fix this is to set up shell countries, load them up with all the rot, then allow them to sink. Caribbean islands seem perfect for this.

Jon P said...

Or maybe one of Patri Friedman's proposed oceanic territories!