February 17, 2012
Three Myths That Could Still Sink Europe
Harald Uhlig, Bloomberg
In many ways, things in Europe look better than they did just a month or two ago. The European Central Bank is providing banks with almost unlimited cash to buy their governments’ bonds. Yields on Italian debt have declined.
This breather is a perfect opportunity to examine some pernicious -- and widely circulated -- myths that have emerged from the crisis and could still do much harm.
TAGGED: Italy, Euro, European Debt Crisis, Harald Uhlig