The Eurozone’s moment of truth

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The story "The Eurozone’s moment of truth" was covered 11 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 11h ago

The Eurozone’s moment of truth - Financial Times

Quick Summary:

Academics and policymakers alike said the best opportunity for Europe was the possibility that the euro could become the world’s most important international reserve currency.

It needs to assess the inflationary consequences of additional public spending, which depend on the levels of slack in the economy, the speed of purchases and whether they are directed to foreign or domestic suppliers.That is for the future.

While Wall Street fantasists imagine a Mar-a-Lago Accord, depreciating the dollar, funding the US government for nothing and other countries accepting some vague promises on security, the reality is that Europe is more interested in promoting itself as a safe haven, distantly removed from crazy Americans.