Sunday, 12 February 2012

Wolfgang Münchau: Why Greece and Portugal ought to go bankrupt -

Financial Times on line -
"Some say it would be better to force Greece out of the eurozone right now, and use the funds to save Portugal. I disagree. I personally believe it would be best to recognise the desolate state of both countries, let both default inside the monetary union, and then use a sufficiently increased rescue fund to help them to rebuild themselves, and to ringfence the rest at the same time"

Link :

http://www.ft.com/cms/s/0/57485f60-540a-11e1-8d12-00144feabdc0.html#ixzz1mBzX9C8V

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