Polychroniou on Merkel-Sarkozy
In his latest one-pager (“Dawn of a New Day for Europe?“) C. J. Polychroniou anticipates the outlines of a Merkel-Sarkozy agreement on policies designed to address the eurozone debt crisis, and comes away skeptical. Polychroniou suggests that a massive infusion of emergency funding, somewhere on the order of 2 to 3 trillion euros, would be required, but that the self-imposed necessity of operating within the constraints of the ECB’s 2 percent inflation ceiling, as well as the political challenge of passing any far-reaching measures through the national parliaments, make a sufficient response unlikely. Read it here.
ShareThis