Lord Mervyn King: ‘Forgive them their debts’ is not the answer

Lord Mervyn King: ‘Forgive them their debts’ is not the answer

Excellent analysis from the most revered central banker in the UK, arguing that eurozone is about to break up because of the conflict between democracy at the national level and the central elite that proves incapable to steer the union towards sustainable economics.

My bet is still against the Euro.

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