Doug Vining Euromess and eurostress

This in-depth article in the New York Times highlights the fact that the financial crisis may pale in significance when compared to the euro crisis, and proposes four scenarios for dealing with the austerity choices.

We are reminded daily by events in Ireland, Spain, Portugal that this crisis will take years to resolve, and possibly change the nature of the EU before it's all worked out. I recall an economist who espoused the view more than a decade ago, prior to the launch of the Euro, that the Euro would lead to pain for Europe. It seems that he was right. But perhaps, from the pain, will come a stronger and more unified EU.
A FuturesForum post (titled: "Euromess and eurostress") refers to this MindBullet. The full FuturesForum post can be read here:
Posted: 25 January 2011 at 10:56
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