an member station

Europe has been teetering on the brink of a financial crisis for the last four years. Various solutions have not resolved the issues but merely kept the Euro going for another few months until the next crisis strikes. And most of the blame has been pinned on irresponsible lending to peripheral economies like Greece, Spain, Portugal and Ireland. But what responsiblity does the major power on continent have for resolving the ongoing crisis? And how will the French election change the thinking as the Socialist candidate, Francois Hollande, suggests that austerity has failed?
Dieter Dettke, PhD, Georgetown University

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