Paul Krugman: The Euro Zone, Edging Ever Closer to Complete Meltdown

Thursday 16 June 2011

by: Paul Krugman, Krugman & Co. | Op-Ed

Martin Wolf, an economics commentator at The Financial Times wrote a very important column recently on the tough choices facing countries in the euro zone.

“The euro zone, as designed, has failed,” Mr. Wolf wrote on May 31. “It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis.”