Believe the Hype? Eurozone Collapse Fear-mongering Kicks Into Overdrive

Munchau gives the Eurozone at most 10 days to fix its problems before it implodes.

DeLong argues that “the Federal Reserve needs to buy up every single European bond owned by every single American financial institution for cash”.

But Johnson and Boone say such measures are basically pointless and have declared “The End of the Euro”.

All of the above are respected thinkers with loads of experience and credibility, so clearly we are on the eve of financial apocalypse.

But are we?

 

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