Chronic Europe
Europe’s great success in 2012 was to avoid becoming another of history's failed monetary unions. But, having escaped the markets' wrath, have Europe's political leaders again chosen to muddle through, rather than meld a resilient strategy?
https://prosyn.org/S3b279j
LONDON – Europe’s great success in 2012 was to avoid becoming another of history’s failed monetary unions. European Central Bank President Mario Draghi’s actions prevented a market meltdown and bought European leaders time to deliver on political and institutional reform. But have political leaders again chosen to muddle through, rather than meld a resilient strategy?