Tuesday, May 11, 2010

One can't solve a crisis of debt by increasing the debt

A postcard from France              By Mirino

In view of the last post, this interview from Le Monde seems suitable.

Thorsten Polleit is the head economist of Barclays Capital in Germany. He is very critical of the massive rescue loan of the euro zone States.

'How do you judge the rescue plan of 750 billion euros for the euro zone?

'One cannot solve the problem by additional debt. To

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