Last Bulwark of Euro Could Be Tottering

It is not hard to come up with reasons for the euro zone’s exasperating inability to get a grip on its debt crisis.

There is the German government’s reluctance to take the bold steps that seem necessary to bring about a change in market sentiment toward Europe’s single currency project.

There is the incessant public squabbling among the bloc’s 17 member states and the snail’s pace at which crisis-fighting decisions made by them take effect.

And then there is the daunting challenge of chipping away at the unsustainable debt mountains that have built up in Greece and other euro zone stragglers.

Read Full Article from New York Times

- Posted: 2011-08-22 08:17:49

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