"It’s been awhile since we looked at the mess in Europe, but this is a big week. European leaders are meeting in Brussels to adopt a new deficit treaty. And depending on whom you ask, talks over Greek debt restructuring are either progressing nicely — or threatening the continent.
So Europe is still a mess? It sure seems that way. The European Central Bank has managed to ease the short-term market turmoil through its backdoor bailout scheme. But various euro zone countries are still trying (and failing) to cut their debt loads with growth-suppressing austerity. And there’s still very much the possibility that the Greek debt talks could break down. If Greece ends up leaving the euro zone, which would be terrible for everybody."
For more: FAQ: The treaty that could save Europe. Or not. - The Washington Post
No comments:
Post a Comment