Dislikedgood report indeed, but unfortunatelly biased. i would like to see a more objective one which explores alternative scenarios.
also, no disclaimer that the author does not hold a short position in euro or correlated assets... food for thoughtIgnored
However, how can you not be biased when faced with no credible alternative to the crisis? Perhaps you have some ideas on what would strengthen the Euro? I certainly don't.
Every single report and analysis I have read since this whole crisis started has pretty well pointed in the same direction. This article just sums it up in a compressed document.
I have said it before and I will say it again. The only way the Eurozone is going to gain any credibility in the market, is to completely change the structure; ergo the treaties. That is an enormous task and faces many more political head winds than what the ECB will face for any QE measures. Besides, QE measures can be implemented tomorrow, whilst treaty changes could take years.
Those who say it cannot be done should not interrupt those who are doing it