Debt crisis forces Europe's currency union to change

Press quote (Hürriyet Daily News)
05 December 2010

One solution might be to restructure those countries' debts now and allow them to get their economies in order under humane circumstances, said Simon Tilford, chief economist at the Centre for European Reform. Such a simultaneous shock-and-awe move, Tilford said, might stop contagion and take pressure of Italy and Spain. "By going halfway, you're making everything worse," he said.