Comments on: Put the euro zone out of its misery Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 By: JohnSonOfHerb Thu, 10 Nov 2011 15:41:47 +0000 Having enlightend us with why it should be put out of its misery, now show us how?
Its that HOW that inflicts pain that no-one is willing to bear – perhaps a glance at your colleagues graphics might help illuminate that –  /BV_STRSTST0711_VF.html

By: scyth3 Thu, 10 Nov 2011 09:24:13 +0000 Come on Laurence, hardly scientific and that wasn’t your analysis of EMU sovereign risk in 2001.

(quote) “An alternative, and in our opinion more persuasive explanation, is that markets are (and always were) well aware of the credit risks of Euro-denominated repayments.

However, rational agents may well be taking for granted that, the Maastricht Treaty No-Bailout Clause notwithstanding, the monetary and fiscal institutions of the EU will in practice be unable to withstand the pressure to rescue a member country in danger of default.”

Another peer-reviewed publication from you would be worth reading as a follow up to your 2001 analysis. But not this europhobe babble.

By: Geojames Thu, 10 Nov 2011 04:21:07 +0000 Well written and expressed Laurence.
I think you and Micheal Lewis provide real, viable reasons as to why the Euro is not sustainable.

What do you think of Micheal Lewis’s analysis on the EUZ?

By: CO2-Exhaler Wed, 09 Nov 2011 20:56:35 +0000 It is a shame that because of this euro folly, what could have been an era of sustainable prosperity for the whole of Europe, based on simple principles of free trade and cooperation, may have been set back for a generation or more.