Commentators continue to insist that an EU bailout of the weaker eurozone countries would be economically and politically possible. This blog continues to disagree. The latest is Charles Grant, who probably aimed to make a case for other EU countries bailing out eurozone members in danger of defaulting, concentrating on Greece, but in fact puts a compelling financial and economic argument why no one should lend Greece a bean.
Posted on The Purple Scorpion
Thursday, 26 March 2009
Collapsing in his internal contradictions
