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It's Time for Europe to Choose Inflation Over Austerity
Oleh:
Cassidy, John
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 165 no. 8 (Jun. 2012)
,
page 35.
Topik:
Financial Crisis
;
European Debt
;
Currency
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
From the U.S., the European debt crisis can seem like a black comedy populated by regional stereotypes: iron-fisted Anglo-Saxons, feckless Mediterraneans, and haughty Brussels bureaucrats. Closer to the action, it isn't funny at all. In the words of Mervyn King, governor of the Bank of England, Europe is "tearing itself apart with no obvious solution." Pending the second Greek election on June 17, it is hard to make predictions. Many commentators see a Greek exit from the euro as the precursor to a broader breakup. In Brussels some EU veterans argue the opposite. They say that once the euro family has ejected Greece, which has always been a problem child, it will come closer together and forge ahead. Until now, my inclination has been that the Europeans would muddle through, with or without the Greeks. But for that to happen, the continent must find a way to kick-start growth.
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