The Euro Area Must Have a Permanent Safety Net
With two comprehensive stabilization programs, one for Greece and one for the whole eurozone, the EU has demonstrated its willingness and capability to defend European monetary union under extremently difficult conditions.
With major economic challenges persisting a wait-and-see approach for EMU would be a dangerous course. The threats to the stability of the eurozone remain high. Budget deficits exceed the 3% limit in most countries and debt is rising, which makes fiscal consolidation a priority.
Countries with high fiscal and current account deficit needs especially tough fiscal retrenchment. After years of accumulated losses of competitiveness, several countries require significant wage restraints and productivit increases.
-
Get your chance to win it BIG with fabulous bingo games
-
Stock Quotes
-
Categories
-
Archives
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
-
Links
-
Meta
Welcome to Euro Station
