The European debt crisis, pithily

The Economist neatly summarizes Europe’s divisions over how to respond to the debt crisis: [Europeans] cannot agree on who should bear the cost of today’s crisis: should it be creditors (through a write-down), debtors (through austerity) or the Germans (through transfers to the south)? And they have not decided whether the long-term answer is a ...

By , a professor at Indiana University’s Hamilton Lugar School of Global and International Studies.

The Economist neatly summarizes Europe's divisions over how to respond to the debt crisis:

The Economist neatly summarizes Europe’s divisions over how to respond to the debt crisis:

[Europeans] cannot agree on who should bear the cost of today’s crisis: should it be creditors (through a write-down), debtors (through austerity) or the Germans (through transfers to the south)? And they have not decided whether the long-term answer is a fiscal union, or not.

David Bosco is a professor at Indiana University’s Hamilton Lugar School of Global and International Studies. He is the author of The Poseidon Project: The Struggle to Govern the World’s Oceans. Twitter: @multilateralist

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