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World Bank chief Robert Zoellick on strategies for handling the eurozone crisis
05/31/2012
Zoellick says Germany is right that credit cannot be provided freely. At the same time partial euro bonds solution would go a long way to address the crisis. The need now is for action to help ease the immediate problems of financing in the eurozone, because issues of competitiveness will be resolved only over time.The danger he says is that the solutions are not coming in a timely manner and are always late to address the crisis. He says because debt problems will take time to address and with energy price volatility a different approach will be required than the short term stimulus and central bank monetary easing. A longer term approach needs to be put in place.
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World Bank Chief Urges Euro Bonds
Wall Street Journal 05.31.2012
Weaker Euro Aids Region's Exporters
Wall Street Journal 08.02.2012
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