Tick Tock; Saving the Euro  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 404 no. 8801 (Sep. 2012), page 13.
Topik: Euro; Fiscal Policy; Sovereign Debt; Economic Conditions; International

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.73 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The euro zone now looks woefully behind in its mission to save the single currency. That is partly because a rescue is genuinely complicated. But it is also because too many people think that time is on their side. Even if the European Central Bank (ECB) successfully intervenes, the euro zone's politicians must ultimately determine the euro's fate. Although work on a banking union has begun, they are many months away from actually setting one up. Leaders increasingly recognise the dangers of excessive austerity, but they still routinely demand harsh budgets as a token of merit. Uncertainty and austerity are deepening Europe's economic plight. The euro zone looks to be back in recession. Unemployment is at a record high.

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