A `New Europe' Plan to Save the Euro
Polish foreign minister Radek Sikorski willan outline of a plan to save the euro currency in a speech today in Berlin.
Poland, remember, has not yet joined the Euro, and has escaped the crisis that has engulfed other Central European countries whose memberships have already taken effect. (The effect on the Baltic republics was especially devastating.)
The speech will be characteristically eloquent--and the bold ideas it presents will be sooner or later be recognized as inescapable. Let's hope it's sooner, and not only for Europe's sake.
A euro rescue would provide a welcome jolt to US recovery. A Euro crackup will knock the US economy back into a second slump.
Watch this space for more details.