links for 2011-09-21

21Sep11

• Considering a Greek, Portuguese and Irish default – Global Public Square – CNN.com Blogs
  "All of this would cost money, but, under the existing arrangements agreed by the eurozone’s national leaders, no more money is to be found. So there is no alternative but to create the missing component: a European treasury with the power to tax and, therefore, to borrow. This would require a new treaty, transforming the European Financial Stability Facility (EFSF) into a full-fledged treasury."
  (tags: eu:economy)

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