The Shortest Eurozone Blog Post Ever

• Posted by Robert Sinn
• on June 22nd, 2012

It is very easy to get caught up in the day to day news flow and minutia of the eurozone debt crisis – one day things look terribly bleak and the next day there is some sunshine on the horizon. Through it all the crisis is ongoing and, if anything, gains momentum as the hourglass steadily runs out of sand. The simplest concept to understand is that if the crisis were easily solvable, or even solvable with significant sacrifices, it would have been solved already. The enormity and complexity of the crisis make it inherently unsolvable except through the most extreme and/or painful measures. From my perch more than 4,000 miles from the center of the action the ECB appears to be the only game in town – I expect dramatic action sooner rather than later.

 

 

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