"How can I know what I think until I read what I write?" – Henry James


There are a few lone voices willing to utter heresy. I am an avid follower of Ilusion Monetaria, a blog by ex-Bank of Spain economist (and monetarist) Miguel Navascues here.
Dr Navascues calls a spade a spade. He exhorts Spain to break free of EMU oppression immediately. (Ambrose Evans-Pritchard)

martes, 29 de noviembre de 2011

Gestión de riesgos alternativos


Martin Wolf, en FT
, dice que el FMI no puede ayudar al euro, pero debe decirle la verdad:
So how might the IMF help? Now is the time for what John Maynard Keynes called “ruthless truth-telling”. And what is the truth that it should tell? It is that the eurozone only has a choice between bad and calamitous alternatives. The bad alternative is radical policies to promote adjustment, while warding off a wave of sovereign debt restructurings, financial crises and a true depression. The calamitous alternative is that depression, along with a break-up of the project. The IMF should speak up for the world’s interest in the less bad outcome. The eurozone alone can make the choice.
 No hay más. No hay más. No hay más. No hay más.

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