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James A. Haley
Jim Haley discusses challenges facing the global economy and policy options to deal with them. The blog takes its name from John Kenneth Galbraith’s "The Age of Uncertainty," written at a time of considerable doubt over growth and the usefulness of economic theory. We live in such a time.
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The Euro Zone’s Hour of Decision: Update

May 30, 2012 Comments
James A. Haley

Wolfgang Manchu in the Financial Times argues that the euro zone’s hour of decision – or, as he puts it, bifurcation point – has arrived. Looking at the deteriorating situation in Spain, it is hard to argue with him. (And in case readers think Manchu is too pessimistic, they are advised to read Peter Boone and Simon Johnson at the Baseline Scenario.)

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Topics: Global Financial Crisis

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