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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.

luis_de_sousa@mastodon.social

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

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