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So, he wants to shrink the balances of a lot of banks and:

"Finally, to achieve debt sustainability for the eurozone sovereigns, radical supply side reforms are required that boost the growth rate of potential output to at least 1.5 per cent in Italy,"

so that doesn't sound that supply side to me.

 

by IM on Sun Nov 2nd, 2014 at 03:23:26 AM EST
[ Parent ]
The only way to realize Buiter's policy proposals is massive public investment monetised by the ECB. That's why he ends his article with "good luck, Eurozone".

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sun Nov 2nd, 2014 at 03:51:02 AM EST
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