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Tim Harford: The euro will end in tears



July 11, 2011 – Comments (4) | RELATED TICKERS: CA , SH

Tim Harford of FT gives his prediction that the euro will "end in tears," because the creators of the eurozone added no buffer for failure.

In addition, see Italy and Spain must pray for a miracle.

And Doug Kass says its time to sell stocks due to an unfavorable risk/reward, and trickle down economics is "dumb."


4 Comments – Post Your Own

#1) On July 11, 2011 at 12:14 PM, chk999 (99.96) wrote:

Tim Harford is awesome. I think his book The Undercover Economist is required reading.

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#2) On July 11, 2011 at 1:31 PM, ElCid16 (94.98) wrote:

Regarding bond spreads among the PIIGS: 

"ECB president Jean-Claude Trichet can scream 'no defaults' all he wants but the bond market simply will not go along...These numbers likely have Trichet and EU officials ***ting bricks. What are they going to do, up the size of the bailout fund to infinity?"


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#3) On July 11, 2011 at 4:30 PM, Jbay76 (< 20) wrote:

great links, thanks!

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#4) On July 11, 2011 at 10:22 PM, ElCid16 (94.98) wrote:


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