May 6, 2010

Más sobre Grecia

CBP, mi economista de cabecera, es optimista. Espero que tenga razón:

I keep thinking this is a tempest in a teapot. Even if Greece defaults or restructures its debt, that is no reason for the euro to be dissolved, or for European growth prospects to collapse. Call me an eternal optimist, but this "crisis" has a bright silver lining, since it focuses the world's attention on one of the biggest problems faced by all major economies these days: bloated government. This issue is playing big in local elections all over the country; the Tea Party owes its very existence to this issue. The bond market, by refusing to buy Greek debt, is exerting powerful discipline on the Greek government.

(Más del tema)

1 comment:

  1. Ojalá tenga razón, a todos nos conviene que no pase nada.

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