By Konstantin von Hammerstein and René Pfister – For three years now, the euro crisis has been smoldering. It has brought down governments in Ireland and Spain, in Italy and Slovenia, and has led to countless summit meetings in Brussels, at which first a temporary and then a permanent bailout fund was established.
European leaders will meet in the Belgian capital once again this Thursday and Friday, at what is expected to be the year’s most important summit. The agenda consists of nothing less than the political realignment of the euro zone and the question of whether members can agree to a European banking union to save the Continent’s ailing banks.
- Merkel says exit from euro crisis to take at least five years (theneteconomy.wordpress.com)
- The Euro Crisis is Behind Us, Says Hollande (reason.com)
- UPDATE 1-Merkel warns on euro crisis complacency, targets banks (uk.reuters.com)
- The Euro Crisis is Behind Us, Says Hollande (txwclp.org)
- What Mario Monti’s Exit Tells Us about Europe’s Debt Crisis (business.time.com)