Soros: A path through Europe's minefield
Thursday 13 October 2011 - by George Soros / Project Syndicate
Earlier this week, a group of almost 100 prominent Europeans delivered an open letter to the leaders of all 17 eurozone countries. The letter said, in so many words, what the leaders of Europe now appear to have understood: they cannot go on "kicking the can down the road."
All agree that Greece needs an orderly restructuring, because a disorderly default could cause a eurozone meltdown. But, when it comes to the banks, I am afraid that the eurozone's leaders are contemplating some inappropriate steps.
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Copyright: Project Syndicate, 2011. www.project-syndicate.org
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