Citigroup economist William Buiter offers 3 possible solutions to the EU debt crisis. First,...

|By:, SA News Editor

Citigroup economist William Buiter offers 3 possible solutions to the EU debt crisis. First, triple the size of the bailout fund to €2T. Second, recapitalize systemically important 'zombie' banks. Third, allow sovereign defaults, with creditors and taxpayers sharing the pain.