Here’s Why Europe Must Do More to Save Its Currency Union
The battle to save the euro turns on
Because they are in a monetary union, they can’t take the
As Europe’s leaders meet for their two-day summit in
So how much has all the activity achieved? To get a better picture, we built a model to assess the solvency of euro-area governments.
One way to judge a sovereign’s finances is to compare its current fiscal challenges to what it has achieved in the past.
The results are both encouraging and daunting. Crucially,
Now for the daunting part. While financial health may be
Spain’s difficulties demonstrate why Europe’s leaders must
Europe also needs to move quickly on other risk-sharing mechanisms, such as the banking union that leaders agreed to in
Three years after the first rumblings of sovereign-debt
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