Posts
NYT: "...Lagarde has a serious problem that may still derail her candidacy, if there is any substantive, open or transparent discussion of her merits: There is major design flaw in the euro zone, and Ms. Lagarde is the last person that non-European governments should want to put in charge of helping sort that out."
AND: "The bigger issue is that more recently she and the French authorities in general have been at the forefront of efforts to deny there is any deep problem and to resist a systematic solution."
AND: "...Lagarde has led the “no restructuring” school of thought in recent months with regard to Greece — and presumably other euro zone countries, as well. Debt restructuring is no panacea, but to take the option completely off the table is not smart — unless you really think there is no deeper issue that must be addressed."
