What Euroland is doing right

Euroland finally seems to be accelerating. Price stability has been achieved and few question its sustainability. The bond market is a clear success for the euro and a broad range of borrowers have emerged. We should not view these developments as a flash in the pan. The European Commission has come up with a plan, Graham Bishop considers its implications.

The debate continues as experts give their counterarguments:

Bernard Connolly, executive director of AIG international.
Avinash Persaud, global head of research for State Street bank.

Acres of newsprint have been devoted to the weakness of the euro against the dollar since its launch, but writers have struggled to find any crisis which can be blamed unambiguously for this. Indeed, it is unlikely that there will be agreement on what, if anything, should be done about the euro’s brush with dollar parity.

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