The Euro Zone’s Periphery: They’re Bust
They may be some of the most popular countries in Europe, but their financial future is looking significantly less favorable. Despite Angela Merkel, Germany’s chancellor, indicating that the euro-zone summit on March 24th-25th was a leap in the direction of amending the region’s debt crisis, critics are suggesting otherwise. Rescue missions, while approved, lack funding. Prime ministers lack support. Various European credit-rating are teetering on near-junk status, and economies across Europe are firmly situated on an unsustainable course. Where does the fault lie? Critics are arguing that it’s Europe’s political leaders who are to blame. The solution? Authorities in the realm of finance and economics have a some very interesting, worthwhile suggestions.
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