Europe’s Debt Crisis: World’s Worst Menu
Europe debt crisis: the Euro area’s policy makers have their work cut out for them. It’s clear that a plan of action for Greece’s financial situation is required, yesterday. The “Vienna initiative”, a strategy birthed in 2009, was designed to freeze the rot of financial contagion spreading through some parts of Europe at a rapid pace. While this would do little to reduce Greece’s overall debt, and on a practical level would be hugely difficult to co-ordinate, it appears the merits of this possible solution may just out way the cons. And, with the IMF’s latest review due out in June; it is likely to praise the progress Greece has made so far but also to raise concern about how next year’s numbers will add up.
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