Friday, September 30, 2011

German approval a victory for Angela Merkel but not a solution to Europe's debt crisis

Germany's approval of the enhanced bailout fund might be a political victory for Angela Merkel.

But analysts say much more is needed to end the crisis of confidence that is threatening not just Europe but the global economy.

The general view is that Germany and the EU are behind the curve in confronting the crisis given that the German Parliament's approval is only ratification of a deal proposed back in July.

Here's my analysis from this morning's edition of AM.

No comments:

Post a Comment

What's your view on this?