As the crisis in Europe deepens, stronger proposals to save the eurozone are being floated. One plan will deal with the sovereign debt problem in return for central control over government fiscal policies. That proposal would place around 3 trillion of debt into a common fund that would paid off over 25 years. It would also include a plan for supervising large banks that represent a systemic risk to the financial system.
It will take some time and effort to make this happen, but there is greater recognition that the euro might collapse without stronger measures.
No comments:
Post a Comment