Solving the Euro Zone Crisis

In my June 2011 article “Is it Time to Rethink Sovereign Debt” I described how, “…in our globalised economy, no country is an island.  Every nation has internal debt (owed to lenders within a country- often that countries citizens or banks) and external debt (owed to foreign lenders- often other countries, or large international financial institutions) and the numbers are staggering.  According to figures published in the CIA world fact-book, the USA has external debts…

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Could Greece End the Euro?

As I write this, my Bloomberg feed shows that, “Euro-region leaders [have] ordered Greece to get the bloc’s highest budget deficit under control and said they are prepared to take “determined” action to staunch the worst crisis in the currency’s 11-year history.”, with the FT adding, “Under an agreement hammered out in last minute negotiations in Brussels, the 16-country eurozone stopped short of providing immediate financial support for Greece, but gave an implicit assurance to…

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