Martin Wolf

Euro crisis: “I am not sure whether the urgency of this is fully understood in all the capitals”

Pete Baker on June 13, 2012, 3:59 pm

| Readers 65

It would be fair to say that there remains a difference in opinion of the correct response to the euro crisis. The BBC quotes European Commission President José Manuel Barroso. European governments need to agree urgently on steps to forge a closer union because of the eurozone’s “systemic problem”, the head of the European Commission says. Commission President Jose Manuel Barroso called for a “vision of where we need to go”. “I am not sure whether the urgency of this …

Euro crisis: “A fiat currency backed by heterogeneous sovereigns is irremediably fragile…”

Pete Baker on June 6, 2012, 10:05 pm

| Readers 36

The Financial Times’ chief economics commentator Martin Wolf was at the Bilderberg meeting in Chantilly this year too. And on his return, as spotted by the Guardian’s eurozone crisis live-blog today, he has had this to say. How much pain can the countries under stress endure? Nobody knows. What would happen if a country left the eurozone? Nobody knows. Might even Germany consider exit? Nobody knows. What is the long-run strategy for exit from the crises? Nobody knows. Given such uncertainty, panic is, …