Read it at The Center of the Universe
More on Greece and the euro
by Warren Mosler
I assume that readers of this blog also read the major MMT blogs so I don't post link to them here, with the exception of posts especially significant wrt MMT. In the post, Warren provides a clear MMT analysis of the state of the EZ at present and prospects going forward.
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3 comments:
"I assume that readers of this blog also read the major MMT blogs..."
I don't regularly follow all the major MMT blogs, so I'd appreciate links of import. Just let your regular readers roll their eyes as you expand your readership. ;)
Thank you!
Tom,
This excerpt from Warrens Greece post just before the one you linked to:
"And, as previously discussed, the risk remains elevated that if Greece gets to haircut its obligations and gets funding, others will ask for the same, triggering a general, global, catastrophic financial meltdown."
Scary... Resp,
PS Ben Bernanke told the Senate he's got the Europe situation "firewalled"... just sayin'.
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