Three steps to resolving the eurozone crisis

Commnetary feature by George Soros, Chairman of Soros Fund Management and of the Open Society Institute. He writes that a European finance ministry that has political as well as financial legitimacy could emerge from a rethinking of the euro. A comprehensive solution to the euro crisis must have three major components: reform and recapitalisation of the banking system; a eurobond regime; and an exit mechanism.

Spiegel Online International, 13.2.12: 'Merkel Is Leading Europe in the Wrong Direction' http://www.spiegel.de/international/europe/0,1518,814920,00.html

ESO: Background information: Germany and France rule out eurobonds http://www.europeansources.info/record/germany-and-france-rule-out-eurobonds/

Spiegel Online International, 15.8.11: SPIEGEL Interview with George Soros 'You Need This Dirty Word, Euro Bonds' http://www.spiegel.de/international/europe/0,1518,780189,00.html

ESO: Background information: Find other Commentary Features in ESO on Challenges facing EMU http://www.europeansources.info/advSearchLink?keyword=commentary%20feature%20emu%20challenges%20&searchOption=all

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