Wednesday, July 7, 2010

Book review : Completing the Eurozone rescue

This EBOOK from here is well worth a read if you want to get some idea of either
  1. where the euro might go next
  2. what needs to be done to fix the current euro predicament
It raises many questions about the way the EU is run, but that have been raised before, this just brings them into shape and urgent focus.

Very insightful. Here is the summary
The Eurozone’s life-threatening crisis in May 2010 was halted when Eurozone leaders and the ECB to strong measures in May. But these were palliatives not a cure.
The crisis is not over, according to the dozen world-renowned economists whose views are contained in this eBook. The Eurozone rescue needs to be completed. More needs to be done.
The Eurozone ‘ship’ is holed below the waterline. The ECB actions are keeping it afloat for now, but this is accomplished by something akin to bailing the water as fast as it leaks in. European leaders must very soon find a way to fix the hole.
This eBook that gathers the thinking of a dozen world-class economists on what they need to do on banking-sector clean up, fiscal discipline, structural policies, and more.
summary, there is a big hole in the EURO boat and it is in no single nations interest to fix it.

Good idea to know have a understanding of the between monetary policy and fiscal policy before starting to read this ebook.

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