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Monday, March 18, 2013

Mohamed El-Erian is all gloom about the EZ

In his piece for the March/April issue of Foreign Policy, Mohamed El-Erian is scathing policymakers in the EZ about their inability or indecisiveness to come up with solutions to the on-going and deepening crisis.
There is no easy solution for the struggling European countries. Yet the longer political leaders shy away from the tough decisions, the greater the chance that there will be a lot more of them. And soon.

Update:  See also his views, and rationalisation, of the Cyprus bailout his column at the FT A-list d/d 18/3  "A muddled and risky approach to Cyprus" 

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