Fiscal Crisis x Euro (Pagano)

Arthur Garbayo indicated the article Fiscal crisis, contagion, and the future of euro by Marco Pagano, in 15 may 2010. The Eurozone has been swept up in turmoil that has ranged from stock and bond markers to exchange rates, government spending, and tax rates. Marco Pagano, explains events, how they hang together, and what needs to be done. This challenge facing Europe could be a historical turning point. see: http://www.voxeu.org/index.php?q=node/5041