Eurozone: Is Anything Better Yet?
December 01, 2011 at 08:16 AM EST
I think the world’s central banks just validated my pessimism – the Eurozone financial system is falling apart. Will this be enough to put the pieces back together? Paul Krugman is doubtful: I am, I have to say, somewhat mystified. Of course the Fed will make dollar liquidity available to other central banks as needed; that was [...]