Sweden and Germany pave the way for Europe

Europe is once again on the edge of the cliff. Spain is out of money to finance itself and its banks; Greece, even though the pro-bailout coalition was formed, remains Europe’s weakest link; Italy is extremely vulnerable to a Spanish default; and yet the blame again falls on Germany. Even among the Germans themselves, notable economists are arguing over whether or not Germany should offer more bailouts and consequentially bear more risk (see here and here).

Read the full blog post here

Source: http://www.iea.org.uk/blog/sweden-and-germany-pave-the-way-for-europe

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