An EU fix stuck at German denial

Germany must recognise it is as much a part of the eurozone's current problems as Greece if it wants to offer workable solutions. Fiscal austerity alone is not enough.

The summit-less time is over and the professional euro rescuers are back at work. After the first crisis meeting of EU leaders this year, the future of Europe’s common currency is as uncertain as before. This is not despite the fiscal compact that was agreed but because of it. The Europeans are still trying to solve the wrong crisis.


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