Saturday, October 27, 2012

From the Chicago Tribune: "Time's-a-wasting, Europe. Make the tough decisions"

http://www.chicagotribune.com/news/opinion/editorials/ct-edit-cyprus-1027-jm-20121027,0,4218393.story


Europe in 13 months

Debt crisis requires hard decisions — now

"European leaders talk and talk, but they can't change the most important facts about the debt crisis that has put much of the continent into an economic tailspin:
It will take loads of rescue money to pay down huge government debts and recapitalize tapped-out banks.
But nothing is free: Getting that rescue money will require loads of austerity. The upshot, unfortunately, is dithering and delay. Time's-a-wasting, Europe. Make the tough decisions."




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