The Eurozone Really Has Only Days To Avoid Collapse -- Wolfgang Munchau, Financial Times
In virtually all the debates about the eurozone I have been engaged in, someone usually makes the point that it is only when things get bad enough, the politicians finally act – eurobond, debt monetisation, quantitative easing, whatever. I am not so sure. The argument ignores the problem of acute collective action.
Last week, the crisis reached a new qualitative stage. With the spectacular flop of the German bond auction and the alarming rise in short-term rates in Spain and Italy, the government bond market across the eurozone has ceased to function.
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Commentaries, Opinions, And Editorials
What Happened in Pakistan? -- Jonathan Foreman, National Review
After NATO strike, can US-Pakistan relations be patched up one more time? -- Howard LaFranchi, Christian Science Monitor
The Syria-Iran-Turkey Triangle: A New War Scenario in the Middle East -- Global Research
Seeking counsel from a wise man of the Arab world -- David Ignatius, Washington Post
Egypt’s Islamists: Betting on the Ballot Box -- Ursula Lindsey, Al-Akhbar
Iran is not the monster it's made out to be – yet -- Patrick Cockburn, The Independent
Winds of Change in the Levant -- Michael J. Totten, Commentary
Red China Remains a Threat -- Joseph A. Bosco, Weekly Standard
China: Children of the Revolution -- Jeremy Page, Wall Street Journal
Croatia, the next Greece -- Jeffrey T. Kuhner, The Washington Times
Are Germany and France Drifting Apart? -- New York Times
In Euro Collapse Who's Better Prepared: Well Armed Swiss, Disarmed Brits -- Daniel J. Mitchell, Townhall
The Euro Area Is Coming to an End -- Peter Boone and Simon Johnson, Bloomberg
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