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If some sort of aid is approved for Greece, Portugal and Spain will likely make way without aid themselves.

What they can do long term is one of the following:

a) push for the right mechanisms or institutions to deal with such crisis (e.g. enact an European Treasury);

b) close the deficit and adhere to the Germanic budget school.

They can also try to do both.

You might find me At The Edge Of Time.

by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Wed Apr 28th, 2010 at 10:44:06 AM EST

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