August 2, 2012

Merkel on Steroids Won't Help Europe

Chatham House, Chatham House

AP Photo

There is a sense of frustration and impotence in watching the eurozone crisis unfold. Non-Europeans cannot understand why tackling the crisis has proved so hard. On a recent trip to China a senior central banker asked me: ‘Why don’t you Europeans get on with it? You know what you need to do. Just do it.’ In the narrative of the eurozone crisis, slow action has come to epitomise poor leadership.

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TAGGED: Eurozone, Angela Merkel


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