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Home > About Us > In the News > July 16, 2012

In the News: Financial Times
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Axel Merk writes in an Op-ed for the Financial Times: eurozone needs process, not money

"…Well-defined processes help markets to function, as buyers and sellers negotiate market-based values of assets. In contrast, guarantees ultimately increase volatility as asset prices become more correlated: everything will be safe until the guarantor is deemed unsafe, crashing the whole system…"