The euro crisis
The euro zone's rescue strategy still does not add up
THERE is a new swagger among European financial officials these days. As bond spreads narrow, share prices rise and the euro strengthens, many policymakers are convinced the crisis has been solved. At a G20 gathering of finance ministers in Mexico City on February 25th-26th, for instance, the European delegates were touting their success. It is a far cry from the browbeatings they suffered during 2011.
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