February 24, 2012

Europe Says Goodbye to Solidarity

Philip Stephens, Financial Times

AP Photo

Portugal has been slow to modernise. Its economy, like that of Greece, is in a pretty fine mess. But its politicians show a demonstrable resolve to catch up. So the reservoir of trust has not been drained. Policymakers in Brussels and Berlin will tell you they put Greece and Portugal in very different categories.

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TAGGED: Europe, Germany, European Union, Greece, Portugal, Eurozone, EU


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