Europe’s Darkness at Noon | by Barry Eichengreen - Project Syndicate

It may be hard to imagine that Europe’s crisis could worsen, but it just has. The Greek crisis will not go away until there is reason to hope that Greece can revive economic growth, while Italy and Portugal are heading into the same trap. BERKELEY – It may be hard to imagine that Europe’s crisis could worsen, but it just has. European Union leaders failed at their summit two weeks ago to produce a