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Koo on solving the Eurozone crisis


racemize
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This is a brilliantly simple proposal and certainly an improvement for the Eurozone going forward. 

So simple and obvious in fact that it is notable that this wasn't included in the Eurozone in the first place.

 

The only two hurdles I see are:

 

1.  The "profligate idiots" (Kyle Bass term) must admit they are profligate idiots which leads to . . .

 

2.  We can no longer point the finger at others and now must pay our own bills going forward and the massive credit card bill that's still outstanding.

 

Those are really big hurdles for the politicians. 

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