jueves, julio 18, 2024

A New Deal to Help Save the Euro

A New Deal to Help Save the Euro

The rescue package for Portugal and the recent electoral success of the populist True Finns party shows that the euro crisis is not over. Even if the current support mechanisms stabilise the markets, they will not be sufficient in the long term: growing economic divergence between the eurozone’s strongest and weakest members will increase the strains on political, economic and monetary management of the single currency.

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