Publication

This commentary argues that the euro crisis is a self-inflicted crisis, made possible by systematic mismanagement by the European leaders. According to the author, the strategies by the European Central Bank (ECB) and the European Commission are doomed to fail. His proposal for solution consists of three elements: i) the ECB should step in to stop panic and fear from undermining the stability of the eurozone, ii) the European Commission should tell deficit and surplus countries alike to make the necessary adjustments, and iii) the launch of Eurobonds.