Steering Clear of the Euro Precipice
Renewed turbulence in the eurozone bond market underlines the need to reappraise current policies for overcoming Europe’s sovereign-debt crisis. Given Europe’s current political balance, and taking into account its time-honored tradition of muddling through, several minimum requirements stand out.
https://prosyn.org/qA2967Q
ATHENS – Renewed turbulence in the eurozone bond market underlines the need to reappraise the policies now being pursued in order to overcome Europe’s sovereign-debt crisis. Indeed, the recent election results in France and Greece, reflecting a much broader anti-austerity mood, leave Europe’s authorities with little choice.