The Euro’s Latest Reprieve
Like an inmate on death row, the euro has received another last-minute stay of execution. The markets are celebrating, as they have after each of the many “euro crisis” summits – until they come to understand that the fundamental problems have yet to be addressed.
NEW YORK – Like an inmate on death row, the euro has received another last-minute stay of execution. It will survive a little longer. The markets are celebrating, as they have after each of the four previous “euro crisis” summits – until they come to understand that the fundamental problems have yet to be addressed.