Berlin and the ECB hold the key to the future of the single currency. Will the latest crisis finally force their hand? So, the big question is – how do you solve the Spanish crisis? In fact, how do you solve the whole euro crisis? The simple answer is, first, I don’t think there is anything much more Spain can do. Second, the solution to Spain’s dilemma is, I believe, the solution to the euro problem. Unfortunately, it still appears as though Europe’s top policymakers – that is, the Germans – are trying to “muddle through”, as opposed to coming up with a good, powerful solution. To understand this situation, it is ... (full story)