Detail Euro Snakes and Ladders; Charlemagne   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 404 no. 8793 (Jul. 2012), page 47. Topik: Economic Crisis; Banking Industry; Politics; Government Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.72 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The euro's agony is coming full circle. What started as a banking crisis mutated into a debt and then an economic crisis. Now, in Spain and Cyprus (and perhaps next in Slovenia), it is back to the banks. Europe's banking woes never went away: they were just ignored or hidden. Whereas America acted quickly to repair its banks, Europe's leaders are still arguing about how to fix theirs. Their delay is one reason the euro crisis keeps worsening. Better late than never, the European Council on June 28th and 29th recognized that weak banks and weak governments were pulling each other down. "We affirm that it is imperative to break the vicious circle between banks and sovereigns," the European Union's leaders declared. They resolved to create a single bank supervisor for the euro zone (based on the European Central Bank) and then to allow the euro's rescue funds to inject cash directly into ailing banks. This would alleviate the burden on Spain and maybe Ireland as well. The markets rejoiced, briefly. But as so often in this game of snakes and ladders, the leap up was followed by a slide down. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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