Is the Euro zone beyond repair?
In the wake of the elections in France and continued political unrest in Greece, the leaders of Europe are still coming to grips with the impact of voter backlash against austerity measures. In an effort to cope with the ramifications of the elections, European leaders are convening an emergency meeting to discuss how to prevent the contagion spreading throughout the continent.
In fact, the inability of Greece to form a government is raising (again) the possibility of the Greeks departing the Euro zone. The potential exit is looking more likely. “No matter what anyone tells you, that scenario was not ‘expected,” Dan Greenhaus, chief global strategist at BTIG tells the Wall Street Journal.
Others, however, believe the Euro zone can be saved. The Washington Post’s Ezra Klein offers five ways to bring the Euro zone back from the brink.