Martin Feldstein on the euro zone

The Euro Zone’s Double Failure
Wall Street Journal
December 15, 2011
Op-ed by: Martin Feldstein, a former member of the White House Economic Recovery Advisory Board and the Belfer Center Board of Directors
Topic: Euro zone

“The recent euro-zone summit was a double failure. It failed to achieve the increased European political integration that was the primary goal of German Chancellor Angela Merkel and the other European political leaders. And it failed to improve the outlook for euro-zone sovereign bonds because those politicians continued to insist that only a fiscal union and political integration could limit the interest rates on sovereign debt.”

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