# Prof. Kim Schoenholtz on the European debt crisis

1 Faculty News July 6, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2012-07-06/europe-recalls-hamilton-as-desperation-turns-on-the-debt.html) -- "'Europe’s problem is that it’s running out of time,' he \[[Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz)\] 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.'"

[Read more](http://www.bloomberg.com/news/2012-07-06/europe-recalls-hamilton-as-desperation-turns-on-the-debt.html)

Additional coverage appeared in [San Francisco Chronicle](http://www.sfgate.com/business/bloomberg/article/Europe-Recalls-Hamilton-to-Life-as-Desperation-3687595.php).