« FAI Economic Commentary - June 2012 | Main | George Kerevan and scary predictions »

22 June 2012


Feed You can follow this conversation by subscribing to the comment feed for this post.

Ian Jenkins

It is interesting how German public opinion is hardening against bailing out Europe. For example the latest 'Economist' reports:

"in May 2010 most Germans said it was right to help Greece [.] But by September 2011, only 39% said Germany should continue to give the Greeks any money. And last month, almost half thought Greece should be encouraged to adopt the drachma again; fully 80% thought aid should stop if the Greek government wavered in its reforms."

The bail-out would of course be only a short-term fix for the eurozone.

However it's odd there is no political appetite, despite all the pain, for a wider permanent fix. The power of a nation to destroy the global economy remains; perhaps the G20 working group that Canada and India are co-chairing will recommend the removal of this power in order to achieve their remit of 'strong, sustainable and balanced financial growth'.

The comments to this entry are closed.

Top Economics Site
My Photo
Blog powered by Typepad

Become a Fan