Martin Wolf's open letter to Mario Draghi

26/10/2011

"You must choose between two paths: the orthodox one leads towards failure; the unorthodox one should lead towards success.

The eurozone confronts a set of complex longer-term challenges. But the members will not get the chance to make needed adjustments and implement required reforms if it does not survive. The immediate requirements include putting Greece on a sustainable path; avoiding a meltdown in public debt markets of several large countries; and preventing a collapse of banks. Of these, it is the last two that matter."
You can read the rest of Martin Wolf's open letter to Mario Draghi here.

Posted in: Banking and financeEconomicsEurope

Tagged with: eurozoneBankingdebt

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