The EU’s Band-Aid on a Bullet Hole
Europe’s leaders have promised to devise by the end of this month a comprehensive package not only to end the euro crisis, but also to preserve the common currency's stability. Unfortunately, they are unlikely to succeed, because most of the package revealed so far addresses the symptoms of the crisis, not its underlying causes.
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BRUSSELS – Is the euro crisis any closer to a resolution? Europe’s leaders have promised to devise by the end of this month a comprehensive package not only to end the crisis, but also to preserve the euro’s stability. Unfortunately, they are unlikely to succeed, because most of the elements of the package revealed so far address the symptoms of the crisis, not its underlying causes.