Closer fiscal union: a collective guarantee

Written by Simon Tilford, 17 December 2010

"This is a political crisis, not an economic one, because European governments could put this crisis to bed", says Simon Tilford, chief economist at the Centre for European Reform. "If you take the aggregate picture, the eurozone doesn't have a problem," he says.

Link to press quote:
http://online.wsj.com/article/SB10001424052748703395204576023784088914652.html?mod=googlenews_wsj