Thursday, August 16, 2012

Two Euro solutions from Richard Werner

Further to the recent post on The Free Lunch Blog 2 Aug  The Daily Telegraph today has an item on Prof Richard Werner's Euro crisis solution ideas, involving: 
1) The ECB buying the banking system's bad assets at face value 
2) Each country's government borrowing from their own commercial banks.

This second idea was mentioned on this Blog for 14 Dec 2011 (BBC World Service) click on the BBC link there where you can hear Lesley Curwen interviewing Werner on this point and on several others in the first 6 minutes of the programme.
posted by Charles Bazlinton

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