The euro crisis: (Fading) light at the end of the tunnel

Posted: February 21, 2013 in economy
Tags: , ,

MARTIN WOLF condenses my recent euro-crisis fretting into a succint point:Those who believe the eurozone’s trials are now behind it must assume either an extraordinary economic turnround or a willingness of those trapped in deep recessions to soldier on, year after grim year. Neither assumption seems at all plausible.We can’t yet speak to the willingness of those trapped to soldier on. The extraordinary economic turnaround, however, remains a distant dream. Flash estimates of euro-zone economic activity showed a quickening downturn in February, ruining hopes that the slower pace of contraction in January might represent green shoots. The worst news? French economic activity slowed ever faster, touching a 47-month low. And so the pressure in the cooker rises…

via Economic Crisis


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s