greek deal leaves europe on the road to disaster: clive crookif europe’s new plan for greece succeeds, nobody will be more surprised than the politicians who designed it. at best, the arrangement is a holding action, one that fails yet again to deal with the much larger confidence crisis facing the euro area.in europe, spending cuts fail to ease debt burdenseurope has endured the pain of layoffs, wage cuts and tax increases designed to bring government debt under control.europe markets: european stocks pull back after greek dealeuropean stock markets close lower tuesday as investors start to focus on greece’s underlying problems after euro-zone finance ministers approve the terms for a €130 billion bailout package for greece.u.s. to europe: build bigger debt firewallwashington (reuters) - treasury department officials expressed cautious optimism on wednesday that europe was gaining ground on its sovereign debt crisis but cautioned that it still must put up a convincing financial firewall against the risk of contagion. speaking ahead of a group of 20 meeting in mexico, treasury's under secretary for international affairs, lael brainard, said europe'... |
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