Those with a forward looking mathematical outlook see the inevitable. Greece’s debt level is unsustainable and growth projections do not take into account a worse case scenario. Even if Greek Eurozone cheerleaders are correct and the struggling country from the “southern” region is not benefiting from the currency union to the same degree as Germany and those in the golden “northern” region. Such were not the explicit words of former U.S. Federal Reserve Chair Ben Bernanke, but on a recent Brookings Institute blog post he came close to saying the same thing. Bernanke’s tone appears to match that, to various…
On This Page
- Germany causing rifts in the force as rebel alliance emerges
- Germany succeeding in a monetary union at the expense of others is no surprise
- In a currency union with a fat tail economic distribution, strong economies get stronger, the weak get weaker
- Bernanke: Is the eurozone economy delivering for all its members?
