Monday, August 15, 2011

Two Eurozone Proposals for Sarkozy and Merkel to Consider

Here and here.

UPDATE: And, right on cue, we learn that Sarkozy and Merkel have taken off the table the core of both proposals, namely, the creation of a Eurobond. Hence anything they propose will be inadequate, and once again Europe will find itself behind the eight-ball in trying to resolve the lingering crisis.

Although the subject, Le Monde tells us, is "in the air" in Germany.

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