Wednesday, November 23, 2011

Pssst!

Tyler Cowen

I hear the market whispering in the ear of the Netherlands “get out of the eurozone, before it’s too late!” At this point all bets are off as to which country will be the first to bail on the arrangement. It could be virtually anyone but France.
The market, it seems, speaks through Megan M, who adds:

At this point, the ECB is the only player left with clear and untapped intervention potential. But even that may be waning fast.