Euro crisis

Self-help best solution for euro

The euro is suffering from a lack of political will, and asking others to step into the vacuum is no solution, according to our web poll last week.

Europe should fix its own problems instead of turning to China plus the IMF, Brazil, Japan, Russia, etc, according to our web poll last week.

The eurozone crisis worsened after we asked the question. Greece’s premier, George Papandreou, briefly flirted with the idea of asking voters to decide whether they would accept the austerity measures demanded in the EU’s rescue package, sparking fury in France and Germany, and causing a mild panic in the markets.

Nicolas Sarkozy and Angela Merkel, the French and German leaders, even raised the spectre of Greece quitting the euro, which Morgan Stanley’s chief global economist compared to the opening...

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