ecb_2.jpg Home Page News Page Euro/Greece Crisis Should not be an Option Greece is again making headlines, and markets are concerned the euro crisis is back. Greece is again making headlines, and markets are concerned the euro crisis is back. Actually, the crisis never left. It is just that for a little while both the authorities and the markets chose to cherish the delusion that policies and institutions were set in place that would shore up Europe’s troubled currency union. How wrong they were. Actually, the crisis never left. It is just that for a little while both the authorities and the markets chose to cherish the delusion that policies and institutions were set in place that would shore up Europe’s troubled currency union. How wrong they were. Stuck in gloom and stagnation, the euro area is dancing on the edge of the abyss of debt deflation, in which falling prices and incomes make paying off obligations increasingly difficult. See Also links url: http://www.economywatch.com/features/Are-Euro-Area-Deflation-Fears-Well-Founded.01-07-15.html Title: Are Euro Area Deflation Fears Well-Founded? See Also type: Reference read more
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