Martin Wolf's Intolerable Choices for the Eurozone
Martin Wolf provides a timely analysis of the Eurozone's options. Wolf argues that ultimately the Eurozone faces a choice between default and partial dissolution or open-ended official support.
Wolf's core argument was itself based on analysis by Hans-Werner Sinn (see here: http://www.voxeu.org/index.php?q=node/6599).
This has now been challenged strongly by Olaf Storbeck http://olafstorbeck.com/2011/06/06/the-stealth-bailout-that-doesn%E2%80%99t-exist-debunking-hans-werner-sinn/ and by Karl Whelan http://www.iiea.com/blogosphere/professor-sinn-misses-the-target.
Can any PE bloggers or readers shed light as to which side of the debate is right?
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An update on this.
Wolf's core argument was itself based on analysis by Hans-Werner Sinn (see here: http://www.voxeu.org/index.php?q=node/6599).
This has now been challenged strongly by Olaf Storbeck http://olafstorbeck.com/2011/06/06/the-stealth-bailout-that-doesn%E2%80%99t-exist-debunking-hans-werner-sinn/ and by Karl Whelan http://www.iiea.com/blogosphere/professor-sinn-misses-the-target.
Can any PE bloggers or readers shed light as to which side of the debate is right?
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