"Only way to stop the run on eurozone debt"
11/28/2011Prof. Bofinger and George Soros discuss in their new article, which was published on 24. November 2011 on ft.com, the various alternatives which could help solve the eurozone crisis.
One option they present is the so-called Soros plan. Its main idea is to use the European Financial Stability Facility (EFSF) to enable the European Central Bank (ECB) to act al a lender of last resort. This way, the ECB would provide almost unlimited amounts of liquidity while the EFSF guaranteed the bank against the solvency risks that it would occur.
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