Europe's marriage crisis isn't over

Behind revived investor confidence in Europe, it's debatable whether crisis-hit countries have decisively improved their competitiveness. The road to adjustment remains long and treacherous.

Is the eurozone crisis over? The answer is: "yes and no”. Yes, risks of an immediate crisis are reduced. But no, the currency’s survival is not certain. So long as this is true, the possibility of renewed stress remains.


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