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Prof. Kim Schoenholtz on the European debt crisis

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Excerpt from Bloomberg -- "'Europe’s problem is that it’s running out of time,' he [Schoenholtz] said. 'The question isn’t whether it’s plausible to imagine a Hamiltonian solution. The question is whether it’s plausible to imagine one that can be organized in the time that monetary union has.'"

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Additional coverage appeared in San Francisco Chronicle.