The Eurozone's Delayed Reckoning

From Project Syndicate RSS-Feed Mon Dec 17 2012, 12:20:12

The tail risks of a Greek exit from the eurozone or a massive loss of market access in Italy and Spain have been reduced for 2013. But the fundamental crisis of the eurozone has not been resolved, and another year of muddling through could revive these risks in a more virulent form in 2014 and beyond.

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