Woo: Can Lagarde and the IMF save the Euro?

By:
Yuen Pau Woo
/
6 July, 2011
By: Yuen Pau Woo
President and CEO, Asia Pacific Foundation of Canada

Only the Eurozone can save the Euro, and doing so will mean expulsion of the weakest members and/or a deeper political union.

The IMF can prolong the Greek tragedy and other sovereign debt dramas in the EU, but only EU members can decide if they are willing to pay the political and fiscal price of a true monetary union. Ms Lagarde should concentrate on saving the IMF.

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