Friday, July 15, 2011

While Greece Burns, Eurocracy Fiddles


The latest divide among countries using the euro is how quickly to set a deal to try resolving Greece's debt crisis, with vulnerable economies fearing that delays risk more contagion and market turmoil.

That gap has given new meaning to two-speed Europe, hitherto used to describe the widening growth gap between the core economies around Germany and the less-dynamic periphery.


WSJ