I see the recursion problem.
I will deal with the seed and let the rest compost.
Most of this debate is political posturing.
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Will Greece Destroy the Euro Zone? - Room for Debate
The collapse of the Papandreou government may undo European efforts to restructure debt and hold the union together."Will the collapse of the Greek government destroy the euro zone?"YES! Not so much the zone. The nations will remain. The euro will go in cascading bank failures. The deal structured at the last European summit was a bad one. The private investors will not bear all the losses in the Greek default. By putting the default to a vote the Greek government has bought the rest of Europe two months.The Greek government may survive default. More austerity would kill it. -
This Could Be the End of the Euro - Room for Debate
Unless the E.C.B. acts as a lender of last resort, it is game over for the euro zone.The E.C.B. shows no intention of acting as lender of last resort.The death warrant for the euro is signed and the final appeal will be denied. Banks behaving badly have done it in. -
The Euro Will Survive - Room for Debate
The euro zone’s survival has little to do with Greece except to persuade other members to redouble their efforts and stick with the euro.If the other nations of Europe stay with the euro they will be destroyed.The consequences described are results of staying with the euro rather than reestablishing an independent currency. Greece will inflate until the debt becomes bearable and the cost of Greek goods in international trade become competitive. Maybe a bit more. At that point international banking will restart. The internal economy can do this for a time and the inflation can be ended with income taxes. Europe has done this repeatedly. -
Will Greece Destroy the Euro Zone? - Room for Debate
The collapse of the Papandreou government may undo European efforts to restructure debt and hold the union together.-
Let the Greeks Save Themselves?
Veronique de Rugy, George Mason University
Another analysis based on an assumption of continuation in the euro.There is no need to borrow ones own currency.
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Is China Facing a Health Care Crisis? - Room for Debate
Despite the government's effort to stimulate consumer spending, ordinary Chinese feel pressure to save money for medical expenses.The Peoples Republic of China has promised their population health care from their very beginning. There were not enough doctors. The population grew faster than the population of doctors. There are still not enough doctors. There are new health problems associated with industrial development. Treatable health problems have grown much more quickly than the population or the population of doctors. Knowledge has grown both in the medical profession and in the general population. People have learned that a way to get attention from the limited health facilities is to offer money. The form is bribery rather than fee for services. It is an ancient tradition. -
Adding to the Uncertainty - Room for Debate
Now Greece is asking the Continent's leaders to wait for an elusive referendum. Will they?-
Adding to the Uncertainty
Aristides Hatzis, University of Athens
Aristides Hatzis is calculating with the assumption that Greece will stay with the euro. If his government reinstitutes the Dracma There is no reason for austerity and his government will survive.
There will then be no disorders in Greece. This argument fails.
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Not Too Late for the Euro's Core - Room for Debate
The euro might survive, but in a form that excludes the troubled countries in the European periphery.-
Not Too Late for the Euro's Core
Desmond Lachman, American Enterprise Institute
If the periphery goes the center will not hold. Wave goodbye to the Euro.
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Critics’ Picks: ‘Detour’
If a detour could be made shorter it would be.
The only practical solution is to follow it to the end.
Sooner is better. As soon as you can is best. -
NS
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Does IMF Stand for Impressive Macroeconomic Flexibility?
So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
http://krugman.blogs.nytimes.com/2011/11/01/eurodammerung/"I’ve been charting this trainwreck for a couple of years, and am feeling too weary to trace through it again right now. Let’s just say that the euro was an inherently flawed idea that can work only given a strong European economy and a significant degree of inflation, plus open-ended credit to sovereigns facing speculative attack. Yet European elites embraced the notion of economics as morality play, imposing across-the-board austerity, tightening money despite low underlying inflation, and have been too concerned with punishing sinners to notice that everything was going to blow apart without an effective lender of last resort."
http://krugman.blogs.nytimes.com/2011/11/01/repost-european-inflation-targets/"So what we’re seeing is an ECB catering to German desires for low inflation, very much at the expense of making the problems of peripheral economies much less tractable.
This is going to be ugly.I’d add that the ECB and European leaders have been in complete denial on this point, willing neither to acknowledge the deflation their policies require nor to accept the need for higher overall inflation if deflation is to be avoided."
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Ashlyn
Been there, done that.
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Will Greece Destroy the Euro Zone? - Room for Debate
The collapse of the Papandreou government may undo European efforts to restructure debt and hold the union together. -
This Could Be the End of the Euro - Room for Debate
Unless the E.C.B. acts as a lender of last resort, it is game over for the euro zone. -
The Euro Will Survive - Room for Debate
The euro zone’s survival has little to do with Greece except to persuade other members to redouble their efforts and stick with the euro. -
Will Greece Destroy the Euro Zone? - Room for Debate
The collapse of the Papandreou government may undo European efforts to restructure debt and hold the union together. -
Is China Facing a Health Care Crisis? - Room for Debate
Despite the government's effort to stimulate consumer spending, ordinary Chinese feel pressure to save money for medical expenses. -
Adding to the Uncertainty - Room for Debate
Now Greece is asking the Continent's leaders to wait for an elusive referendum. Will they? -
Not Too Late for the Euro's Core - Room for Debate
The euro might survive, but in a form that excludes the troubled countries in the European periphery.
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A Greek Referendum Spells Trouble for the Euro - Room for Debate
Investors in euro zone bonds now know: when 'we the people' are asked to pay, they are likely to say no.
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A Greek Referendum Spells Trouble for the Euro - Room for Debate
Investors in euro zone bonds now know: when 'we the people' are asked to pay, they are likely to say no. -
Laura552
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Will Greece Destroy the Euro Zone? - Room for Debate
The collapse of the Papandreou government may undo European efforts to restructure debt and hold the union together. -
This Could Be the End of the Euro - Room for Debate
Unless the E.C.B. acts as a lender of last resort, it is game over for the euro zone. -
The Euro Will Survive - Room for Debate
The euro zone’s survival has little to do with Greece except to persuade other members to redouble their efforts and stick with the euro. -
Will Greece Destroy the Euro Zone? - Room for Debate
The collapse of the Papandreou government may undo European efforts to restructure debt and hold the union together. -
Is China Facing a Health Care Crisis? - Room for Debate
Despite the government's effort to stimulate consumer spending, ordinary Chinese feel pressure to save money for medical expenses. -
Adding to the Uncertainty - Room for Debate
Now Greece is asking the Continent's leaders to wait for an elusive referendum. Will they? -
Not Too Late for the Euro's Core - Room for Debate
The euro might survive, but in a form that excludes the troubled countries in the European periphery.
-
A Greek Referendum Spells Trouble for the Euro - Room for Debate
Investors in euro zone bonds now know: when 'we the people' are asked to pay, they are likely to say no.
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Omar Ibrahim
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Will Greece Destroy the Euro Zone? - Room for Debate
The collapse of the Papandreou government may undo European efforts to restructure debt and hold the union together.
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This Could Be the End of the Euro - Room for Debate
Unless the E.C.B. acts as a lender of last resort, it is game over for the euro zone. -
The Euro Will Survive - Room for Debate
The euro zone’s survival has little to do with Greece except to persuade other members to redouble their efforts and stick with the euro. -
Will Greece Destroy the Euro Zone? - Room for Debate
The collapse of the Papandreou government may undo European efforts to restructure debt and hold the union together. -
Is China Facing a Health Care Crisis? - Room for Debate
Despite the government's effort to stimulate consumer spending, ordinary Chinese feel pressure to save money for medical expenses. -
Adding to the Uncertainty - Room for Debate
Now Greece is asking the Continent's leaders to wait for an elusive referendum. Will they? -
Not Too Late for the Euro's Core - Room for Debate
The euro might survive, but in a form that excludes the troubled countries in the European periphery.
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I am never sure who is leading and who is following.
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