-
The eurozone endgame will begin in Greece
The June summit of the eurozone was initially trumpeted as a decisive step towards resolving the crisis. Italy and Spain won agreement to allow European institutions to recapitalise banks and purchase sovereign debt directly. But once financial markets had a closer look, it became clear that little of substance had been achieved, and the borrowing costs of Italy and Spain again approached forbidding heights. Meanwhile the Spanish government has imposed fresh austerity, breaking its promises to the electorate. And unemployment in the eurozone continues to rise, exceeding 11% on average. It is now a fair guess that the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Edited 3:51am Jul 17, 2012 3:36am | Edited 3:51am
- Manekineko
- | Joined Dec 2011 | Status: Member | 138 Comments
- Comment #2
- Quote
- Jul 17, 2012 3:51am Jul 17, 2012 3:51am
- paulp
- | Joined Dec 2011 | Status: Member | 42 Comments
- Comment #3
- Quote
- Jul 17, 2012 3:53am Jul 17, 2012 3:53am
- jonahky7
- | Membership Revoked | Joined Aug 2011 | 4530 Comments
- Comment #4
- Quote
- Jul 17, 2012 4:07am Jul 17, 2012 4:07am
- Awp Shout
- | Commercial Member | Joined Feb 2010 | 9 Comments
- Comment #5
- Quote
- Jul 17, 2012 4:48am Jul 17, 2012 4:48am
- Guest
- | IP XXX.X.25.107