CSPAN2 Capital News Today December 22, 2011
structure reforms that make it periphery more competitive. most economists also agree that these reforms will take years, and you need a bazooka to help, the periphery defend itself from markets in the meanwhile. this bazooka can take the form of a combination of the bigger european financial stability fund. imf enlargement, and d.c. be support, but the banks, which it is not doing the time, and to sovereign when necessary. the essence of the current stalemate in europe and its inadequate policy response is that there is no agreement, either on how the burden of adjustment will be sh...
Source: archive.org