Euro Area Still in Denial about Failure in Greece

Despite the Greek government’s best efforts, last night’s meeting of euro-area finance ministers failed to approve the release of new funding. We think it’s only a matter of time before Greece gets its money. But the latest delay reflects deep disagreement about how to reduce current unsustainable debt levels. Until the euro area addresses this [...]

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Euro-Area Leaders Need to Focus on More Pressing Issues

A surprising amount of common ground was reached at last week’s informal meeting of European Union leaders—but  there wasn’t agreement on joint issuance of Eurobonds.

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