Who Lost Europe?
Europe urgently needs a short-term growth strategy to supplement its financial-support package and its plans for fiscal consolidation. But the greatest obstacle to implementing such a strategy is the EU’s largest economy and its putative leader: Germany.
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CAMBRIDGE – Financial meltdown has been averted in Europe – for now. But the future of the European Union and the fate of the eurozone still hang in the balance. If Europe doesn’t find a way to reactivate the continent’s economy soon, it will be doomed to years of gloom and endless mutual recrimination about “who sabotaged the European project.”