Radio Free Europe:
What if the Eurozone collapses?
2 December 2011
Many experts believe that if the eurozone were to break apart it would be because richer members leave it rather than continue to try to bail out poorer ones. In fact, there are already some signs that the richer countries -- the so-called "core" or northern countries of the zone -- are already considering that option."They've discussed having a treaty amongst a smaller number of countries that would have a lot more fiscal coordination and a centralized treasury even, perhaps a eurobond at the end of it all, and I think that's the direction in which they are going to move," says Peter Boone, a senior visiting fellow at the London School of Economics.
This article appeared on Radio Free Europe on Friday December 2, 2011
Link to article.
Related links
Peter Boone webpage
Effective Intervention Programme webpage
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