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Maastricht Criteria

The Euro Area's Debt Hangover

Stephen G. Cecchetti | Posted 05.18.2016 | Business
Stephen G. Cecchetti

The ongoing difficulties in Greece - combined with the ECB's dramatic actions to ward off deflation - are distracting attention from what may be the euro area's biggest and most pervasive problem: debt.

The European Crisis Was Predictable and Is Salutary for the Euro

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

This crisis is in fact salutary: it was time that the Eurozone members realized that the Euro is a privilege, but that they have to act responsibly.