Eurowrap 21/06/12
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Eurowrap 21/06/12

A focus on the key news and analysis surrounding the eurozone crisis


Martin Wolf: Hopes for federal union in Europe are doomed

Martin Wolf is concerned that the fiscal fabric of the euro area simply will not allow for the drastic changes necessary to keep the region together.

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The eurozone’s May 2010 bailout strategy is a disaster... 

... Two years later, it is obvious that this has been an historical but predictable policy mistake

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The ''American exceptionalism'' paradigm is broken

All that is taking place in Spain and Italy will directly impact US asset prices at some point.

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Eurozone''s leadership political rift is widening 

The eurozone has always struggled with lack of cohesion among its leaders. But any semblance of coordination that existed last year might now be breaking down.

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Europe''s new, new math 

Spain is going to have to be bailed out because they can no longer afford to pay their bills.

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