Greek Lessons (Burda and Gerlach)

Arthur Garbayo indicated the article “Greek lessons” by Michael Burda and Stefan Gerlach, published in the VoxEU, they spoke about the plan agreed last weekend in Brussels that appears has been received positively by the markets. For them, the EU needs to set up an independent institution to vet fiscal plans of Eurozone governments and apply a sliding scale of sanctions. See: http://www.voxeu.org/index.php?q=node/5029