Solutions to the Euro Crisis from MEPOC

Well, like all economists always do, let’s assume!

Let’s assume that Europeans have two goals:

1) Preventing sovereign debt defaults to avert a full-blown banking crisis; and

2) Saving the political project of the single currency that Europeans regard as a fundamental pillar of the integration process that started right after World War II.

Question: Should Europeans work towards reaching goal #2 in order to secure goal #1, or can they achieve goal #1 and then work towards goal #2?

Read the rest at Solutions to the euro crisis by Andrea Terzi of MEPOC (Mosler Economic Policy Center at Franklin College, Switzerland)

Hint: He like Mosler Bonds.