FRANKFURG, Germany— Europe’s economy needs help — fast. Yet the two powers that could take action, the European Central Bank and Germany, don’t see eye to eye about what to do.
That leaves Europe’s currency union stuck in a dangerous policy limbo that now has investors worried.
Concern that the 18-country currency union, which accounts for 17 percent of the world economy, has no clear path out of its economic trouble is among the key factors in this week’s global market turmoil. After a mere four quarters of sluggish recovery from its crisis over government debt, the bloc saw no growth at …read more
Source: The Epoch Times
