Cartoon: Petar Pismestrovic, Kleine Zeitung, Austria. Pismestrovic.com
"Judged as a whole, the eurozone does not have a solvency problem.
"The International Monetary Fund projects that net government borrowing in the eurozone countries next year will be 2.7 per cent of gross domestic product.
"The US and the UK both project to have deficits of more than 6 per cent, and yet their debt is not under attack on the markets.
"The money exists within Europe to make the crisis go away."
- John Authers in the Financial Times, 24 August 2012.
The Long View: Seasonal reflections on the eurozone
- John Authers in the Financial Times, 24 August 2012.
The Long View: Seasonal reflections on the eurozone
