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View Full Version : Bad Ideas Worsen Europe's Debt Meltdown: John H. Cochrane - Bloomberg



NewsWhore
12-21-2011, 07:10 PM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF3w7vNSl7-BgJ3nQy5LHN-YtrEGA&url=http://www.bloomberg.com/news/2011-12-22/bad-ideas-worsen-europe-s-debt-meltdown-commentary-by-john-h-cochrane.html)
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Bad Ideas Worsen Europe&#39;s Debt Meltdown: John H. Cochrane (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF3w7vNSl7-BgJ3nQy5LHN-YtrEGA&url=http://www.bloomberg.com/news/2011-12-22/bad-ideas-worsen-europe-s-debt-meltdown-commentary-by-john-h-cochrane.html)
Bloomberg
Conventional wisdom says that sovereign defaults mean the end of the euro: If Greece defaults it has to leave the single currency; German taxpayers have to bail out southern governments to save the union. This is nonsense. ...

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