Questions over new euro rescue ‘masterplan’ – new blog
The EU has this week been limbering up to reveal a last-ditch ‘masterplan’ to save the euro.* Over many months, a succession of summits have invented ever bigger sums of money the EU*hopes to throw at the eurozone debt crisis with seemingly little*idea of how to amass the money. So far the EU’s only strategy*appears [...]
So far the EU’s only strategy appears to have been to try to intimidate the markets into submission rather than come up with a longer-term solution to euro debt crisis.