tag:blogger.com,1999:blog-5713178645208582139.post2204244686119585547..comments2024-03-17T03:26:42.785-05:00Comments on Macro Musings Blog: The Eurozne Problem in One PictureDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-29008042821059514562010-02-13T18:02:39.020-06:002010-02-13T18:02:39.020-06:00One interesting thesis in the Financial Times is t...One interesting thesis in the Financial Times is that all the hoopla over Greece and the euro is a smokescreen to divert our attention from the real story. European banks hold significant quantities of Greek bonds and are therefore militating for a bailout. In other words, this is all about taxpayers - whether German or otherwise - being once again asked to bail out feckless bankers who were ECBnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-58347828999976513112010-02-11T09:23:08.151-06:002010-02-11T09:23:08.151-06:00More grist for the Eichengreen-Temin thesis that t...More grist for the Eichengreen-Temin thesis that the Great Depression was exacerbated by the Gold Standard (for Gold Standard, read EMU)ECBnoreply@blogger.com