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

22 June 2012

Comments

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'.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)

Top Economics Site
My Photo
Blog powered by Typepad

Become a Fan