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Europe's debt crisis: 5 ways it's been put to good use
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Europe’s debt crisis often seems like a giant snowball accelerating down a hill. With each rotation, it picks up more destructive power. Squabbling officials are tossed to the side, unable to agree on robust responses. Citizens feel crushed. Financial markets speculate on which country will be flattened next and how that will affect the American economy.
And yet Europe is not facing political or economic collapse. The euro remains a resilient currency. In fact, stepping back from the crisis provides quite a different view. Here, Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics, sheds light on five trends that – in the long run – will ultimately strengthen the 27-member European Union and the 17 nations that share the euro currency.
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Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
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