September 30, 2013
The Calm Before the Eurozone Storm
Nouriel Roubini, Project Syndicate
The Associated Press
A little more than a year ago, in the summer of 2012, the eurozone, faced with growing fears of a Greek exit and unsustainably high borrowing costs for Italy and Spain, appeared to be on the brink of collapse. Today, the risk that the monetary union could disintegrate has diminished significantly – but the factors that fueled it remain largely unaddressed.
TAGGED: Global Economy, Eurozone