Political bravery the rescue for the EU

Political bravery the rescue for the EU

As most European countries sign the pact for tougher fiscal discipline and provide new lifelines to troubled Greece, the outstanding question is whether the recipe will really help?

And why there hasn’t so far been that much progress in addressing the underlying problems?

The latest European data is disappointing. The unemployment rate in Europe has hit a 14-year high of 10.7% in January, with inflation also up to 2.7% in February. The latest PMI Index for the Eurozone countries – an indicator of business activity in the area – grew just 0.2 points last month, but still remained pointing towards economic contraction..... MORE

Source:  Bulatlat.com

URL: http://rt.com/business/news/eu-fiscal-pact-deregulation-703/