Dec
22nd
Wed
22nd
The eurozone needs more than fiscal discipline from Germany
The German government surely does intend to do what is needed to keep the eurozone together. But the eurozone it has in mind will be desperately uncomfortable for many members. This is largely because the failings of the eurozone have not been fiscal irresponsibility, but macroeconomic divergence, financial irresponsibility, asset price bubbles, and huge shifts in competitiveness.
