Thursday, August 22, 2013

22/8/2013: Burry the Debt... Forever!

Pierre Pâris, Charles Wyplosz, 6 August 2013 column for, titled "To end the Eurozone crisis, bury the debt forever" is a perfect referencing point for my thinking on the debt crisis. Read it here:

Synopsis: "The Eurozone’s debt crisis is getting worse despite appearances to the contrary. How can we end it? This column presents five major options for reducing crisis countries’ debt. Looking into the details, it seems the only option that is both realistic and effective is for countries to default by selling monetised debt to the ECB. Moral hazard aside, burying the debt seems to be the only way we can end the crisis".

Can't say it better myself!
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