Tuesday, November 15, 2011

No Going Forward

In his lates post, Ashwin Parameswaran compares the unfolding eurozone crisis to what happens when you keep suppressing small fires in a forest... you eventually get a big one that destroys the forest. Or as he puts it, sacrificing social stability in order to preserve economic stability will only hasten the conflagration.

Spot the flames:

Send in the water bomber.

1 comment:

  1. Isn't our best option simply to send Michael Noonan to London to negotiate a resumed currency-peg with Sterling while we still have time? We don't have long.


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