Elliott's Paul Singer Says Eurozone Needs To Trim To Just Economically Healthy Nations

The “euro experiment” was falsely marketed by participants on both sides and, with Greece as the leading example, membership in the EU society should ultimately revert “to include only countries that have similar economic strength and productivity,” Elliott Management’s second quarter letter to investors advised. Paul Singer: Eurozone banking elites have not dodged a bullet, they have just delayed the pain While there is a falsely held general perception that euro elites dodged a bullet in the recent Greek negotiations, the situation is “fixed,” Elliott’s founder, Paul Singer sees the opposite. This situation isn’t fixed, he writes, the obvious problem…