Europe's false friends
January 24th, 2012
Nothing is without alternative. There are in the current situation and with a short-to medium-term time horizon to deal various ways, with the European sovereign debt crisis. One of those ways requires to accept the Greek default and let the creditors of Greece make the appropriate depreciation. Jeopardize systemically important banks, then a recapitalization of the banks is to be made. Readmore…