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What Will it Take to Hold the Eurozone Together

Wolfgang Münchau, Financial Times | May 10, 2010

EU leaders must do whatever it takes to save the eurozone because the newly founded European Stability Fund may fall short. ++ “The reforms, desirable as they may be, are probably too late.”++ And what is taking so long? ++ Instead of reforming the system, politicians are fighting a PR war as populism spins “out of control.” ++ Angela Merkel has been forced to pander to the outcries of an angry electorate and try and appease the “anti-Greek bigotry she unleashed in Germany during the early stages of the crisis.”