The point is not that transfers are sufficient. The point is that they are necessary. No transfers implies no solution. It does not from this follow that transfers implies a solution.

But that is an internal Greek/Portuguese/Italian/Irish matter, that is really not my business. (And designing an industrial policy from the ground up is a non-trivial effort, and I insist on being paid for non-trivial efforts.)

- Jake

Friends come and go. Enemies accumulate.