Friday, 11 November 2011

Euro Zone Considers Solution of Last Resort


The question the German government now faces is whether to preserve the monetary union or have a stable currency. The decision can no longer be put off for long. "To stabilize the situation," says former US Treasury Secretary Lawrence Summers, the bailout measures would have "to go well beyond the measures proposed to date."
http://www.spiegel.de/international/europe/0,1518,796280,00.html