The Traderszone Network

Published in TZ Latest News 27 March, 2015 by The TZ Newswire Staff

Hans-Werner Sinn Fears Europe’s "Very Messy" Easy-Money Endgame

Authored by Hans-Werner Sinn, originally posted at Project Syndicate,

The euro has brought a balance-of-payments crisis to Europe, just as the gold standard did in the 1920s. In fact, there is only one difference between the two episodes: During today’s crisis, huge international rescue packages have been available.

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