Pages

Search This Blog

Thursday, July 21, 2011

Wolfgang Münchau: Eurozone standing on the precipice

Wolfgang Münchau: Eurozone standing on the precipice I am not worried that the eurozone’s leaders will walk away from Thursday’s summit without a deal. Wednesday night’s reported, but not yet revealed, agreement between Angela Merkel and Nicolas Sarkozy firmly points in that direction. I would not be amazed if they were to spring a couple of positive surprises.

What I am worried about is that everybody will get obsessed with some obscure technicalities of a deal – that ultimately falls short of solving the problem. The eurozone would not survive such a failure.
http://link.ft.com/r/2SRI11/NJJIOZ/0GB0NQ/TPRER3/168QO3/SN/h?a1=2011&a2=7&a3=21

No comments: