European Crisis (Bergsten & Kirkegaard)

The coming resolution of the European crisis by Fred Bergsten and Jacob F. Kirkegaard published by VOXEU. “Policy reactions to the Eurozone crisis are seen by many as short-sighted, incoherent, and driven by political expediency. This column disagrees. What we are seeing is a game of chicken among the key political and economic powers in Europe. As the crash looms ever closer, the right deals will be struck and Europe will emerge stronger and with its currency infact.”