Two headlines from Europe’s Hall of Mirrors

March 30, 2012

Kim Schoenholtz passes on two headlines about the same story.  From Bloomberg, we have 

Europe Caps Fresh Crisis Aid at 500 billion Euros.”

From the FT, we have (subscription required, but you can search in Google news):   
Eurozone boosts rescue fund to E700bn.”

Ok, which is it, a boost or a cap?  Kim refers to this as a “Rashomon moment,” proving once again he’s more sophisticated than I am.  Great metaphor, though, once I figured it out.  


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