eurozone debt crisis
Even if the Eurozone as a whole would regain sustained GDP per capita growth, deeply rooted productivity differences would make the recovery an uneven one.
Lower budget targets won't bring relief. They just acknowledge the economy's continued deterioration.
What if the eurozone were a nightclub with a German DJ, and Greece was a dancer struggling to keep up?
While we all watch with shock as Greece goes into an economic death spiral, much bigger waters are stirring with long term consequences for all of us.