October 18, 2012

Why Europe Is Floundering

John Gray, The Guardian

AP Photo

The greatest danger facing Europe today is the inflexible determination of European elites to save the euro. While it is still possible that Greece will exit with unpredictable consequences, fears that the currency could collapse have retreated since the head of the European Central Bank, Mario Draghi, committed himself in July to doing "whatever it takes" to shore up the rickety structure.

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TAGGED: Eurozone, Europe

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