Chapter 3. Taming the Crisis
Austerity, bailouts and increased outside scrutiny of national budgets have been, so far, the principal policy responses to the euro crisis. These efforts receive mixed grades from European publics. They are divided over the fiscal belt-tightening to date and most question the need for further spending cuts. Richer northern European nations are skeptical about aiding […]
European Unity on the Rocks
In Europe, there is a crisis of confidence in the economy, in the future, in the benefits of European economic integration, in EU membership, in the euro and in the free market system. The crisis has also exposed sharp differences between some Europeans, especially the Germans and Greeks.