Considering the unpredictability of fear-driven markets the eurozone is not yet out of the woods. Neverthless, it doesn’t seem unreasonable to say that Europe has ridden out the worst of the storm. The piecemeal rescue process has not been pretty, but the sum of measures taken – the incremental build up of a firewall, the six pack, […]
Yet another euro crisis summit is over, and yet another deal has been struck. This time, the deal has taken the shape of an intergovernmental agreement. If I am not mistaken, and I may very well have lost count by now, that makes nine summits and five deals in the past 19 months. Although it […]
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