Sunday, July 1, 2012
That said, I don't think it's
That said, I don't think it's ray ban sunglasses new style best online in anybody's best interest to see the euro zone break up right away. At least politically, it isn't. The best case is it stays together for another two years.
Q: Do the resolutions from last week's EU summit change your views on the future of the euro?
A: The fact that these policy makers were willing to stay up until 4 a.m. to hammer out this plan suggests they are committed to keeping their monetary system in place. The move reaffirms my belief that the euro will be around for a few years more. But I still believe a breakup of the euro zone will happen over the long term.
Q: What key factors are you watching to ray ban sunglasses new style best online determine if the euro zone will stay together?
A: The way I see it, there are three stages of problem solving for the euro zone: There's rhetoric, there's monetary policy and then there's the fiscal union. There has certainly been a lot of rhetoric, and I think they've pretty much played their rhetoric out. There's a lot of monetary policy, and I think there's still a lot more that can be done. This is where they can maybe get the [European Central Bank] to start unifying the banking system, create some firewalls, create some unified regulations. But then there's the sharing of balance sheets, and I don't think they're going to go there. They are going to go as far as they can with the rhetoric and monetary policy, but they're going to stop short of linking credit ratings ray ban sunglasses 2012 new for sale and balance sheets.
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