by Erik Kain on November 29, 2011
If the ECB is truly crippled, incapable of playing its role as lender of last resort and unable to gaurantee European sovereign debt, what can be done? After all, as Burt Likko notes, a Eurozone failure would be a 1929-like disaster: epic in every sense of the word, hitting not just the Eurozone but the [...]
Read more at Forbes.
by Erik Kain on November 29, 2011
It’s impossible to say exactly what might happen if the Euro collapses. The death of one of the most important currencies in the global economy is too disastrous a scenario for any of us to wrap our brains around. Debate over what’s to be done to save Europe and waylay whatever short-term collapse is in [...]
Read more at Forbes.
