"There's a sucker born every minute" - P.T. Barnum
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Panic money-printing won’t save the eurozone
The dramas on the global markets were sparked by problems created in Europe’s single currency bloc , explains Liam Halligan, but big-time euro-QE is not the answer. 'It sounds far-fetched, I know,” I wrote in this column in December 2007. “But the ultimate victim of this subprime crisis could be nothing less than the single currency’s existence”. Reading it today, the above statement seems pretty reasonable. Many mainstream analysts now recognise the huge stresses imposed by the ongoing credit crunch could yet see monetary union break up, with at least one country leaving. To argue otherwise, certainly in ... (full story)
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