{"id":3987,"date":"2012-06-21T18:29:41","date_gmt":"2012-06-21T16:29:41","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=3987"},"modified":"2012-06-21T18:29:41","modified_gmt":"2012-06-21T16:29:41","slug":"the-eurozone%e2%80%99s-may-2010-strategy-is-a-disaster-time-to-pay-up-and-end-this-crisis","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/the-eurozone%e2%80%99s-may-2010-strategy-is-a-disaster-time-to-pay-up-and-end-this-crisis\/","title":{"rendered":"The Eurozone\u2019s May 2010 strategy is a disaster: Time to pay up and end this crisis"},"content":{"rendered":"<p><a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/53\" target=\"_blank\">Wyplosz, Charles<\/a>.<\/p>\n<p>The EZ rescue strategy adopted in May 2010 failed to restore debt sustainability, avoid contagion, or reduce moral hazard. This column argues that a volte face is needed. The debt of Greece, Portugal and Italy \u2013 and perhaps Ireland, Spain and France as well \u2013 must be restructured to restore growth and end the crisis. All EZ nations should pay since their leaders\u2019 decision to violate the Maastricht Treaty\u2019s no-bail out clause is what brought us here.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Voxeu<\/p>\n<p><a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/8117\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wyplosz, Charles. The EZ rescue strategy adopted in May 2010 failed to restore debt sustainability, avoid contagion, or reduce moral hazard. This column argues that a volte face is needed. The debt of Greece, Portugal and Italy \u2013 and perhaps Ireland, Spain and France as well \u2013 must be restructured to restore growth and end [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37],"tags":[26,27],"class_list":["post-3987","post","type-post","status-publish","format-standard","hentry","category-18","category-37","tag-26","tag-27"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/3987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=3987"}],"version-history":[{"count":1,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/3987\/revisions"}],"predecessor-version":[{"id":3988,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/3987\/revisions\/3988"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=3987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=3987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=3987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}