Look At It This Way; Non-members  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8759 (Nov. 2011), page 13-14.
Topik: Global Economy; Manycountries; Eurozone; Economic Crisis
Fulltext: Look at it this way.pdf (40.22KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Every country sees "Europe" as a projection of its own hopes and fears. For Germany it is redemption; for France a means to amplify French power; for Italians it is not Rome; for Belgians it is not Brussels; for the Baltic states it is a long way from Moscow; for Romania and Bulgaria it is order; for Spain it is the solution; and for much of central Europe it is home. The rest of the world has a stake in what happens in Europe, too. The overwhelming feeling is frustration that European leaders seem so incapable. Andrew Balls, of PIMCO, the world's largest bond investor, says that the difference between emerging-market crises and G10 crises has always been that you expect G10 governments to remain in control. After a series of half-rescues of the euro, he wonders whether this rule still applies. Within the EU, the crisis is a test of the European dreams of countries that are not part of the euro zone. Many of them are relieved to have escaped the turmoil. But they are now in a spot. If one day they surrender their own currencies, as in theory they pledged when they joined the EU, the revamped governance of the euro will affect them deeply.

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