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Germany must decide if it really wants to save the euro
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 ... (full story)
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