The ECB’s Moment of Decision
It is not too late to resolve the current eurozone crisis, but an effective response must be immediate, overwhelming, and free of the ideological rivalries that have enfeebled the common currency since its launch. The European Central Bank is the only institution that can generate such a response.
https://prosyn.org/Ee5F3FH
LONDON – With the crisis of the eurozone’s periphery having mutated into a crisis of its core, the prescriptions for recovery must change. Fortunately, it is not too late, but an effective response must be immediate, overwhelming, and free of the ideological rivalries that have enfeebled the eurozone since the common currency was launched. The European Central Bank is the only institution that can generate such a response.