The worst of the euro crisis is yet to come

Commentary feature. Uncoordinated policies give us contagious austerity and downturn in the eurozone says Wolfgang Münchau.

The first, second and third priorities of European economic policy should be to stop and reverse the economic downturn. If European decision-makers fail to achieve that, the eurozone’s crisis will end in catastrophe because every single resolution programme will be in danger of failing.

ESO: Background information: Find other Commentary Features in ESO on Challenges facing EMU http://www.europeansources.info/advSearchLink?keyword=commentary%20feature%20emu%20challenges%20&searchOption=all

ESO: Background information: IMF and eurozone clash over estimates http://www.europeansources.info/record/imf-and-eurozone-clash-over-estimates/

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