Financial Times (March 25)
Europe’s leaders have consistently fumbled in handling the European debt crisis. The most recent European Council summit should have taken steps to “decisively address the sovereign debt crisis in the eurozone.” Instead it opted for half measures and band aids, postponing difficult decisions. One hopes (against hope) that Europe’s leaders will eventually address the central issue and determine “pan-European policies for letting banks fail safely and forcing losses on creditors rather than taxpayers.”
Europe’s leaders have consistently fumbled in handling the European debt crisis. The most recent European Council summit should have taken steps to “decisively address the sovereign debt crisis in the eurozone.” Instead it opted for half measures and band aids, opting to postpone difficult decisions. One hopes (against hope) that Europe’s leaders will eventually address the central issue and determine “pan-European policies for letting banks fail safely and forcing losses on creditors rather than taxpayers.”
Tags: Banks, Debt criss, Europe
