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The eurozone must reform or die
With the election of a reform-minded centrist president in France and the re-election of the German chancellor, Angela Merkel, seeming ever more probable, is there hope for the stalled single-currency project in Europe? Perhaps, but another decade of slow growth, punctuated by periodic debt-related convulsions, still looks more likely. With a determined move toward fiscal and banking union, things could be much better. But, in the absence of policies to strengthen stability and sustainability, the chances of an eventual collapse are much greater. Business Today: sign up for a morning shot of financial news Read more ... (full story)
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Cut your Losers short and let your Winners run.
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