Monday 31 October 2011

The Chinese should be able to provide more than loose change...STEPHEN KING www.independent.co.uk

Stephen King: Will sending around the begging bowl really solve the eurozone crisis?
Economic Outlook: The Chinese should be able to provide more than loose change to help the eurozone
STEPHEN KING
MONDAY 31 OCTOBER 2011

So now we know. The solution to the eurozone crisis lies in passing around the begging bowl. Investors may have reacted with euphoria to the announcement that the eurozone bailout fund would rise from €440bn (£386bn) to well over €1 trillion, even after yet another Greek bailout. But policymakers still have to explain precisely where the money will come from and how it will be spent. ...........
http://www.independent.co.uk/news/business/comment/stephen-king/stephen-king-will-sending-around-the-begging-bowl-really-solve-the-eurozone-crisis-6255054.html

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