Paul De Grauwe is Right: All Roads Lead Back to the ECB
July 5, 2012 by Marshall Auerback
Italy’s Mario Monti with Prime Minister Enda Kenny. Image via European Council
I have always been a fan of Professor Paul De Grauwe from the University of Leuven, who has consistently pointed out the structural flaws inherent in the original structures of the EU. Recently, Professor de Grauwe wrote an excellent analysis explaining why the latest “rescue plan” cobbled together by the Eurozone authorities is destined to fail.
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