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“The idea that the euro is yesterday’s problem is a dangerous figment. In reality, Europe’s leaders are sleepwalking through an economic wasteland,” the May 22 European Council meeting.
The weekly notes that “the euro-zone economy has just endured a sixth successive quarter of shrinking GDP. The malaise is spreading to core countries including Finland and The Netherlands,” before warning –
For as long as stagnation and recession tear at democracy, the Eurozone risks a fatal popular rejection. If the sleepwalkers care about their currency and their people, they need to wake up.
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