Decision-makers are tired with crisis management. They want out of it. In a way, that’s good; but there is still work to be done:
http://online.wsj.com/article/SB10001424127887324266904578463203734015058.html#printMode
Against a backdrop of tightening capital conditions and a poor growth outlook, any upturn in bank lending now depends critically on targeted interventions by the European Central Bank (ECB):
http://www.economist.com/blogs/freeexchange/2013/05/european-central-bank-3
The two countries are likely to eschew presenting a joint strategy in the run up to the next European Union summit in June:
Low ECB rates aren’t having the desired effect around the struggling periphery:
http://www.economist.com/blogs/freeexchange/2013/05/european-central-bank?fsrc=rss
The euro-zone debt crisis has mutated into Europe’s longest slump of the postwar era, with no recovery in sight for a broad swath of the continent:
Since the 2008 Wall Street meltdown, Europe — specifically the 17 countries that use the Euro currency — has struggled to contain the fiscal fallout:
http://www.cbc.ca/news/interactives/europe-debt-crisis-timeline/
As things have developed, more and more have realised that things are not going back to the old ways:
It’s all about the ECB.
Almost five years on it is Europe’s banks that are on their knees and Wall Street that is resurgent:
Prime Minister Shinzo Abe’s new government has embraced a revolutionary (rather than evolutionary) economic-policy approach that engages several initiatives, some of which were once deemed implausible, unthinkable, or even undesirable:
