Tom McDonnell: A couple of quick links
Daniel Gros sets the scene for the Euro zone in this New Year's post. 2012 looks to be a critical and memorable year in the Euro debt crisis. Hopefully lessons have been learned. According to Gros:
" The resources are there. Europe (just) needs the political will to mobilize them."
I agree. Though I have no confidence in the political decision makers on whom we depend.
Meanwhile Charles Wyplocz offers some solutions and considers here whether official policy making, including that of the ECB, is captured by special interest groups.