Salient to Investors:
Larry Summers said Europe’s handling of the sovereign debt crisis evokes comparisons with US strategy during the Vietnam War which opted at each juncture to do the “minimum” to avoid an imminent catastrophe until it all collapsed. Summers said measures are not in place that will drive adequate economic growth, and that European monetary “divorce” cannot be managed without tremendous ill-effect to make it a realistic strategy.
Read the full article at http://www.bloomberg.com/news/2012-10-19/summers-says-euro-crisis-approach-evokes-u-s-in-vietnam-war.html