12-04 :: April/May 2012

nanotimes Trends Quotes

“The irony of it all is that the real solution to the Gordian knot isn‘t for Greece to leave the Eurozone. It‘s Germany that should leave. No, seriously. My inspiration for this insight was triggered by Wharton economist Jeremy Siegel telling a conference on al- ternative investments that the only way for the Union to solve its debt problems and avoid contagion is for the European Central Bank (ECB) to devalue the euro.”

Kevin Flynn: How Germany Can Save The Euro, In: Seeking Alpha, May 21, 2012: http://seekingalpha.com/article/604471-how-germany- can-save-the-euro

“Will our culture and an educated view of our ultimate self-interest see us through, and keep us from the fate of ancient Rome? Only if we heed the strictures of Lagarde [Christine Lagarde, IMF], who implores that we observe the really poor, remember our luck and pay our taxes.”

John Lloyd: The hard challenges for Europe, an overly soft continent In: Reuters.com, May 29, 2012. Lloyd is co-founder of the Reuters Institute for the Study of Journalism at the University of Oxford, UK.

http://blogs.reuters.com/john-lloyd/2012/05/29/the- hard-challenges-for-europe-an-overly-soft-continent/

“In the case of Spain, while the program bought time, it has made the country‘s underlying problems worse. Spanish banks have by far been the most aggressive participants in the cheap-loan program, having borrowed more than 300 billion euros from the central bank. And much of that money was spent on Spanish government bonds.”

John M. Mason: Europe‘s Problems Have Really Been Connected With Insolvency, Not Liquidity, In: Seeking Alpha, May 31, 2012. http://seekingalpha.com/article/628411-europe-s-pro-

blems-have-really-been-connected-with-insolvency-not- liquidity

“If CS [Credit Suisse] is right, and I‘d say it‘s probably not far off, the euro crisis is likely to persist unless markets force the hands of the politicians sooner rather than later.”

Cullen Roche: Credit Suisse: The 5 Problems That Need To Be Resolved In Europe, In: Seeking Alpha, May 31, 2012. Cullen founded Pragmatic Capitalism. http://seekingalpha.com/article/628461-credit-suisse- the-5-problems-that-need-to-be-resolved-in-europe

83