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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