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Unformatted text preview: start with the reconstruction of the Greek markets, and continued bailout. His second resolution is to augment the capital of the other European banks to cover their potential losses on sovereign loans. The third is to augment the capital of the EFSF. The fourth is to establish governance over Euro and EuroZone economies which would help enhance the powers of the European Central Bank. In conclusion, Lieberman thinks major changes must be in place in order for the economic stability of these nations. The key, he states, is for policy makers to focus on restoring short-term growth first, then worry about the longer-term issues....
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This note was uploaded on 02/09/2012 for the course ACCT 151 taught by Professor Brown during the Spring '11 term at Cuyahoga CC.
- Spring '11