Meet The Perpetual Bailout Mechanism That Keeps The Euro Afloat
- The creation of the euro has been flawed from the beginning; it’s most definitely not an optimum currency area.
- It has a tendency to expand differences, rather than diminish them through one-size-fits-nobody monetary policy and potential vicious cycles.
- However, there is one curious mechanism that sweeps much of these problems under the proverbial carpet and keeps the euro afloat.
Source: Meet The Perpetual Bailout Mechanism That Keeps The Euro Afloat | Seeking Alpha
Tags: Eurocrisis · Target 2