| Author (Person) | Grant, Charles |
|---|---|
| Series Title | Financial Times |
| Series Details | 19.5.10 |
| Publication Date | 19/05/2010 |
| Content Type | News |
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Commentary feature. Despite European Union leaders agreeing in May 2010 on a €500bn support package, the underlying causes of the euro crisis – southern Europe’s lack of competitiveness and structural imbalances within the eurozone – remain. Greece, Italy, Portugal and Spain face years of low growth, severe budget cuts and perhaps social unrest. Whatever the fate of the euro, the prevarication and long arguments over how to help it have damaged the EU in a number of significant ways. |
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| Subject Categories | Economic and Financial Affairs, Politics and International Relations |
| Countries / Regions | Europe |
