EU Finance Ministers Have a Lot to Talk About
The financial ministers of the euro area will meet over the next two days. There is a very wide range of topics that they might discuss. The gathering should begin with some optimism about ECB plans for aiding crippled economies in the region,…
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And there have been increases in forecasts the entire region will fall back into recession. Almost no one would argue that the economies of Spain, Greece, Portugal and perhaps Italy won’t be hurt for years. The most recent economic figures show that France already has slipped perilously close to GDP contraction, and Germany has begun to suffer significantly, too.
As often as it is said, it is worth repeating: the real trouble in Europe cannot be solved by the European Central Bank or modest bailouts.
Douglas A. McIntyre
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