Can Europe Be Saved?
As 2012 begins, a crisis that originated in Greece has ended up raising doubts about the very viability of the euro, even of the EU itself. Difficult choices regarding the Union's governance and economy must be made, and Europe is running out of time.
VIENNA – In 2011, Europe’s financial and banking crisis escalated into a sovereign-debt crisis. A problem that began in Greece ended up raising doubts about the very viability of the euro – and even of the European Union itself. A year later, those fundamental doubts remain undiminished.