Archived IMT (2010.05.18)
ASHRAF's TAKE ON THE IMPACT OF THE GREEK CRISIS for the Council of Foreign Relations:
"The most common arguments against a destabilization of the U.S. economy by the eurozone sovereign debt crisis are 1) the activism of the U.S. federal government in mobilizing another TARP-like aid package for U.S. banks, 2) a compliant Federal Reserve willing to reopen the liquidity taps by buying (again) U.S. government bonds, and 3) the sole ability to print a currency in which globally held U.S. debt is denominated. ..."
Read the rest of Ashraf's contribution as well as that of a panel of experts.
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