Suboptimal is one way of putting it: A paper published by the - TopicsExpress

Suboptimal is one way of putting it: A paper published by the Bank of England Tuesday said the international response to the sovereign debt crisis in the euro zone has been suboptimal, and recommended private creditors in future play a bigger role in resolving sovereign debt problems to ease the burden on taxpayers...The bailouts of Greece, Ireland, Portugal and Cyprus have exposed fault lines in how the authorities respond to sovereign debt crises caused when countries lose access to financial markets, the paper said. online.wsj/article/BT-CO-20131119-702864.html?dsk=y

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