Editorial Board

Europe's Deadly Fiscal Paralysis

Instead of grappling with the threat of low growth in the euro area, Europe's leaders are endlessly engaged with trivialities.
Yes, Prime Minister, we know you're upset.

Quarrels over European Union budget policy don't amount to much in themselves. Yet they demonstrate a pathology whose importance is hard to exaggerate. If growth in the euro area is not restored, the future of the union itself will be in jeopardy. Instead of grappling with this, however, Europe's leaders are endlessly engaged with trivialities.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.