Showing posts with label Europe's sovereign debt crisis.. Show all posts
Showing posts with label Europe's sovereign debt crisis.. Show all posts

August 24, 2011

Does Merkel Need a 'Lehman Crisis' to Save Euro?

In 2010 former US Treasury Secretary Hank Paulson admitted that if had not allowed Lehman Brothers to fail, he would have not been able to win approval for the Troubled Asset Relief Plan (TARP) -- the bailout of the country's banks -- from Congress.

“We didn't have TARP without Lehman Brothers," Paulson said.