links for 2010-05-07

Barry Eichengreen: The Greek crisis: It is not too late for Europe

BE: "First, the IMF and the European Commission can encourage Greece to reach a social consensus on restructuring and reform by showing that the creditors will also contribute.... Second, Portugal and Spain must do more to convince the markets they are not Greece.... Third, to give the Iberians time, the ECB will have to support their bond markets.... Fourth and finally, the Germans need to...