• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 15 hours One Last Warning For The U.S. Shale Patch
  • 2 hours Oil Slips Further From 2019 Highs On Trade Worries
  • 46 mins Once Upon A Time... North Korea Abruptly Withdraws Staff From Liaison Office
  • 11 hours Modular Nuclear Reactors
  • 20 hours Chile Tests Floating Solar Farm
  • 2 hours Poll: Will Renewables Save the World?
  • 1 day China's E-Buses Killing Diesel Demand
  • 1 day Trump sells out his base to please Wallstreet and Oil industry
  • 1 day China's Expansion: Italy Leads Europe Into China’s Embrace
  • 2 days Trump Tariffs On China Working
  • 2 days Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 2 days Biomass, Ethanol No Longer Green
  • 24 hours US-backed coup in Venezuela not so smooth
  • 1 day New Rebate For EVs in Canada

How the New EU Plan will Affect its Member States

I won’t recapitulate my core views on the euro crisis (see this talk), but here are a few points:

1. The aggregate numbers are workable, but the eurozone needs a unified solution of some kind.  Putting any single country “in charge” would yield a solution, although the quality of solution would vary with the country.  Still, it would be a solution.

2. The danger is that quasi-solutions will appease all countries in the short run, not really solve the core problems, and thereby walk the eurozone further down the plank of doom.  This is the outcome I have been predicting, though it is not necessary in any logical sense.

Click here to read the full article.



Join the discussion | Back to homepage

Leave a comment
  • Philip Andrews on September 10 2012 said:
    this just sounds like a desperate tunnel visiomned attempt by the Euro financial sector to 'blast' the Euro problem away finacially while ignoring the fundamental and underlying weaknesses. It really does sound like a last ditch 'all or nothing' attempt by the Euro idealogues to keep their dream project together when all indications point to structural and historical failure.

    Its rather pathetic how people in power can cling to such delusions for so long despite mounting evidence to the contrary. Still they are all wealthy enough to jump ship when it does all come crashing down about them.

    Its the poor unemployed types we should really be considering and Grexits and other potential Euro disasters, not whether people like Draghi can susytain their delusions for a few months or years longer, rather than acknowledging and dealing wuth the realities, esp of places like Greece...

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News