23 April 2012

Endorsing "a modest proposal for ringfencing Europe"

Check out Varoufakis modest proposal for solving the crisis:
1) Debt conversion program undertaken - and initially funded - by the ECB;
2) Investment and Internal Imbalances Amelioration Program European Investment Bank (EIB), the European Investment Fund (EIF) and the ECB;
3) Single banking area with a single authority that supervises directly and recapitalises the area’s bank.

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