“There is only one way out of the euro crisis: The euro-zone countries must regain the confidence of the financial markets. But that is only possible if they clean up their budgets.” ++ Unregulated financial markets pose the single greatest threat to the economy. ++ By failing to create a strong foundation for a monetary union, the euro-zone governments themselves are responsible for
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The crisis in Europe represents not just a threat to continent’s economic union, but also could signal the downfall of the European “Idea” which includes international cooperation and an international legal order. ++ “If the European experiment begins to unravel – after more than 60 years of painstaking advances – then the ideas that Europe represents will
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