Why we can’t escape the Eurocrisis

posted by
November 7, 2011
Cato Institute
by Gerald P. O'Driscoll, Jr.  
Posted in Commentary

"When is a bailout not a bailout? When the bailor is short of funds. The recently announced debt plan in the European Union comes up short in almost all respects. The debt crisis is not just an EU problem, but a trans-Atlantic financial crisis. The overwhelming debt problems on either side of the pond are interlinked through the banking system." (11/02/11)

http://www.cato.org/pub_display.php?pub_id=13817  

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