Sunday, November 18, 2012

Economist: Polarised prospects

European economy guide

From: Nov 15th 2012, 15:05 by Economist.com (click for interactive diagram)




THE euro crisis has eased since Mario Draghi, president of the European Central Bank (ECB), pledged in July 2012 to do “whatever it takes” to save the single currency. Sovereign debt yields in the troubled economies on the southern and western periphery of the 17-country euro zone have fallen sharply since the ECB made a commitment (subject to strict conditions) to buy without limit short-term government bonds of countries that apply for and get help from the euro area’s main rescue fund.
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