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The Next Eurozone Battle Is Shaping Up

August 11th, 2017 · No Comments

  • 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.

Source: The Next Eurozone Battle Is Shaping Up | Seeking Alpha

Tags: Eurocrisis