Viewpoints
[Mario I. Blejer] Greek day of reckoning looms in Ponzi Europe
June 1, 2011
One of the undeniable features of the European debt crisis is the tendency to obscure, verbally and politically, the real issues at play. Euphemisms, statistical gimmicks, meaningless institutional squabbling, undecipherable acronyms, and plain double talk proliferate as part of the debate. In my experience as central-bank governor in Argentina during the worst financial crisis in our history, at