Monday, May 30, 2011

ECB Executive Lorenzo Bini Smaghi

There's a terrific interview that came out this weekend in the FT. They talk with ECB board member Lorenzo B. Smaghi about the mess that Greece is currently in:

FT Why would it not be possible to organize a so-called “orderly” debt restructuring?

LBS It is a fairy tale because it tries to apply the Latin American experience of the 1980s to the current Greek situation, which is totally different, in many respects.

First, ...
He goes on to mention five real, compelling economic models that are well worth understanding.


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