'IMF telling Europe the euro doesn’t work'published at 07:53 British Summer Time 15 July 2015
New York Times columnist Josh Barro, external has an interesting view on last night's report from the IMF. He thinks that the IMF is actually telling European authorities that the euro is not working in its current form.
Quote MessageThe IMF memo amounts to an admission that the eurozone cannot work in its current form. It lays out three options for achieving Greek debt sustainability, all of which are tantamount to a fiscal union, an arrangement through which wealthier countries would make payments to support the Greek economy.