Europe’s Darkness at Noon
It may be hard to imagine that Europe’s crisis could worsen, but it just has. The Greek crisis will not go away until there is reason to hope that Greece can revive economic growth, while Italy and Portugal are heading into the same trap.
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BERKELEY – It may be hard to imagine that Europe’s crisis could worsen, but it just has. European Union leaders failed at their summit two weeks ago to produce anything of substance. China and Brazil are clearly reluctant to come to the rescue by providing a large injection of foreign cash. And the recent G-20 summit in Cannes produced no agreement on steps that might have helped to resolve the crisis.