Where’s the money to save the euro coming from? Not us!

posted by
December 6, 2011
Competitive Enterprise Institute
by Iain Murray  
Posted in Commentary

"Markets rallied last week on news of central bank intervention to ease indebted European governments’ liquidity problems, but the central problem remains. Europe is in a solvency, not a liquidity crisis, and it has to pay its debts sooner or later. Where will the money come from? If the markets are betting on the U.S. taxpayer, they are in for a big shock." (12/06/11)


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