- The structural design deficiencies in the eurozone have been papered over by the cyclical tailwinds in the economy and balming ECB action.
- But at the first sight of headwinds, these will reassert themselves with a vengeance.
- Remedial action is already very difficult as it involves a leap forward in European integration for which there is no electorate.
- But things are even more complex as there are two very different narratives ruling the eurozone.
The Next Eurozone Battle Is Shaping Up
August 11th, 2017 · No Comments