Clues and commentaries on the global prospects for stocks, bonds and alternatives.
Selected Document
Core Concerns for Europe in the Quest for Growth
Western | September 6,2012

Western Asset's Andrew Belshaw discusses why the eurozone crisis is ultimately rooted in a lack of competitiveness between Europe's core and periphery

  • Neither austerity in the periphery or inflation in the core represent viable answers to the crisis
  • The real choice is between fiscal union and a break-up of the eurozone
  • Short-term palliatives such as quantitative easing from the ECB do not address the underlying comeptitiveness issues, but may buy time to find a more definitive solution

For more on this topic, visit our Europe in Crisis section by clicking the tab at the top of this page.
11 Likes