October 27, 2012

Europe, Stop Kicking the Can Down the Road

Chicago Tribune, Chicago Tribune

AP Photo

European leaders talk and talk, but they can't change the most important facts about the debt crisis that has put much of the continent into an economic tailspin: It will take loads of rescue money to pay down huge government debts and recapitalize tapped-out banks. But nothing is free: Getting that rescue money will require loads of austerity. The upshot, unfortunately, is dithering and delay. Time's-a-wasting, Europe. Make the tough decisions.

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TAGGED: Europe, Eurozone


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