Willem Buiter: “We will certainly have a panic stage before the debt crisis is resolved” (part 1)

The following is my translation of an article that appeared in Het Financieele Daglad, a major Dutch financial newspaper.

The temporary pause in the European debt crisis is as deceptive as the frenzy before the New Year, says economist Willem Buiter.

The countries of the eurozone will eventually emerge from the sovereign debt crisis -- with pain and difficulty. That is what Citigroup chief economist Willem Buiter, on a visit to Amsterdam on Friday during a roadshow, expects. Spain and ...


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