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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (71865)	3/14/2011 2:27:52 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 217550

Debt Deal Provides Wrong Incentives With money markets so nervous about the condition of the euro zone's periphery that interest rates on Portugal's debt seemed headed towards 8%, the leaders of the 17-nation zone finally cut a deal on Saturday morning. Serious students of government know that it is important to get the incentives right if the desired behavior is to be induced. The euro-zone leaders got them wrong... The pressure to do something was irresistible. And what they did was to multiply the moral hazard created by the initial bailouts... On to the next summit March 24-25, when Ms. Merkel will have to lay out the price for her continued willingness to play Lady Bountiful and savior of the euro... online.wsj.com