Barry Eichengreen, the American professor who until two years ago was holding seminars titled ‘The Collapse Of The Euro Area’, is now one of the strongest advocates of the Euro being held together. In his position he would have certainly been visited and put right about his formerly held views, and encouraged to see the future security of his employment as equally important to going down on record as the first economist to predict the Euro’s collapse.
Space travel wasn’t all that hard once they got their minds round it. It’s just the same with writing down bad debts. The world just moves on.
Here is the original Barry Eichengreen.