tag:blogger.com,1999:blog-492174345240444269.post1902110851138773588..comments2023-09-09T14:46:37.354+02:00Comments on Julien Frisch: 500 billion EurosJulien Frischhttp://www.blogger.com/profile/18167141111642456560noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-492174345240444269.post-66808901394121099802010-05-11T13:58:15.424+02:002010-05-11T13:58:15.424+02:00thanks! - your blog is a great resourcethanks! - your blog is a great resourcenillerenhttps://www.blogger.com/profile/06837102298609529932noreply@blogger.comtag:blogger.com,1999:blog-492174345240444269.post-79770959943716686342010-05-11T11:21:29.354+02:002010-05-11T11:21:29.354+02:00@nilleren
thanks, they have replaced the initial ...@nilleren<br /><br />thanks, they have replaced the initial document and slightly changed the link. I've corrected it.Julien Frischhttps://www.blogger.com/profile/18167141111642456560noreply@blogger.comtag:blogger.com,1999:blog-492174345240444269.post-79383655275909277572010-05-11T09:17:37.058+02:002010-05-11T09:17:37.058+02:00the link to the official document doesn't work...the link to the official document doesn't worknillerenhttps://www.blogger.com/profile/06837102298609529932noreply@blogger.comtag:blogger.com,1999:blog-492174345240444269.post-14564009808113726732010-05-10T19:47:19.068+02:002010-05-10T19:47:19.068+02:00Charlemagne remark of the day: "though, I not...Charlemagne remark of the day: "though, I note, those evil speculators magically turn back into "international markets" when the EU wants to raise €440 billion in a short space of time" (from <a href="http://www.economist.com/blogs/charlemagne/2010/05/euro_crisis_2" rel="nofollow">this post</a>)<br /><br />And, on a more serious note, do we think this is going to work? And, if so, do we think it is a good idea? (In the sense of being the least expensive and least painful solution to this problem.)<br /><br />Alexandra of Europeanization fame, who is Greek I think, seems to think that the only solution is for Greece to leave the Euro. (<a href="http://europeanization.blogspot.com/2010/05/leurope.html" rel="nofollow">Link</a>.) Personally, I think she underestimates how much worse the situation in Greece could get, and would get if they left the Euro.<br /><br />(Think about the crisis in Hungary and Latvia, where the economy shrunk much more drastically than the Greek one, and where unemployment is/was much higher. The kind of loss of confidence sparked by a Greek return to the Drachma would cause a crash at least as bad as the one those two countries experienced, if not worse.)<br /><br />So on balance, I think this is probably a good idea, assuming it will work. (Fingers crossed...) Then again, like a good little Europhile, I don't care very much about anyone's loss of sovereignty. (Including the fact that the UK will now be stuck with 12% of the bill in case some of this € 500 bn amount disappears somewhere along the way.)martinnedhttps://www.blogger.com/profile/15282998467090268537noreply@blogger.com