Monday, November 28, 2011

Euro Area Is Coming to an End?

Peter Boone and Simon Johnson, a former IMF Chief Economist, have just published an op-ed on Bloomberg, which predicts that the "euro area is coming to an end" (although, unlike the title of the article, no doubt imposed by the editors, the authors merely say that the euro zone is likely to change its membership, not collapse as a whole. Talking about misleading information..).

I agree with the risks, but still believe that a concerted action by the ECB/EC/IMF can save the euro zone. It is becoming increasingly difficult, but is still possible.

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