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Economists split on euro failure
09 November 2011
Academics and economic editors meet to discuss the fate of the euro – but are as split as European heads of state
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euro
eurozone
bailout
ECB
PIIGS
Germany
With the euro crisis felling heads of state and seemingly without end, a panel of economists, policy experts and leading editors from the financial press assembled – but consensus again proved elusive.
BBC broadcaster and presenter Andrew Neil, said that while the ECB has the financial power to resolve the situation, with a European version of the Latin American Brady Bond bailout, it would not be permitted by electorates.
“Politically, Germany understands that they are the ones paying for it,” he said, and Germany is anyway enjoying...
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