Friday, September 30, 2011

The eurozone crisis: a German point of view

by Stephanie Flanders

BBC News

September 30, 2011

Reading the British or American press these days, the villains of the euro crisis are easy to spot: Germany and the European Central Bank (ECB).

If only they would stop holding the single currency to ransom, say the armchair strategists, get with the programme, and write a blank cheque for the euro, that will finally silence the markets' fears.

Then, so the argument runs, the crisis will be over, and that cheque might never be cashed.

Well, perhaps.


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