The markets have briefly relented in their pressure on the eurozone, having been impressed by the size of the financial umbrella that was deployed to support countries at risk. However, it is clear to everybody concerned that this package can only buy time. It is essential to use this time to tackle the root of the problem: the fact that so many member states are living beyond their means.
Without further fundamental reforms, no umbrella will be big enough to save the situation. Indeed...
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Already a member? Login hereLisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.
Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.