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Paul Krugman: The Euro Crisis Will End With Something 'Impossible' Happening
In an exclusive interview, Paul Krugman -- who just published a new book titled End This Depression Now! -- tells us how the Euro crisis will end. He basically sees two possible outcomes, both of which are "impossible." One possibility is that the ECB aggressively buys peripheral debt and caps the borrowing costs of Spain and Italy, while simultaneously making it clear that they're going to promote "expansionary monetary policies" that boost inflation in Germany and help restore competitiveness between Germany and the periphery. "That can work... it's still going to be extremely painful" he says. "Any solution is ... (full story)
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Don't Fight Forces, Use Them.
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Hope for the best, prepare for the worst.
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Why such a rigid stance? To learn is the funniest process in live...
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forget about tomorrow, just steal away into the night