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2010-10-19

Solutions to Euro zone woes

Comments on Bronwen Maddox “Rich states hit the bailout barrier”, 19/10/2010, http://www.theaustralian.com.au/news/opinion/rich-states-hit-the-bailout-barrier/story-e6frg6zo-1225940378228
There are two options for the Euro zone to resolve its current woes:

1. to kick some members out of the zone

2. to allow an effective internal tariff between some troubled members and the others to lower the costs for the former and raise their competitiveness within the zone.

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