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Tumbling Towards the Summit; The Euro
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 403 no. 8790 (Jun. 2012)
,
page 17-20.
Topik:
Euro Crisis
;
Financial Crisis
;
Solution
;
Bail Out
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.72
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Europe is trying to deal with the euro crisis one problem at a time. That approach is doomed to fail A system is only as strong as its weakest point. Reinforcing one link in the chain exposes the vulnerability of the next. The euro zone is now so fragile in so many places that if the single currency is not to break apart, Europe must set about redesigning the system as a whole. The European summit on June 28th and 29th is a test of whether the euro zone's leaders will be capable of that (see Charlemagne). Even though some of the wiser ones are now hatching plans for a banking union and for intervening directly in government-debt markets, the evidence so far is that the task is still, alas, beyond them. The futility of treating the euro crisis as a series of separate national emergencies was plain for the world to see this week--first in Greece, then in Spain, and finally at the G20. On June 17th Greek voters chose parties that say they will broadly stick by the bail-out agreement . The new government, a coalition of the three parties, headed by Antonis Samaras of New Democracy, vowed that Greece's place in Europe would "not be put in doubt".
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