The Euro’s Silver Lining – Why The Doomsayers Are Wrong: Norbert Walter

Crises are usually defined by sustained economic decline, high and long-term unemployment, poverty, rampant inflation, a precipitous fall in the exchange rate, fiscal deficits, high borrowing costs, and political dysfunction. But only a handful of "misery indices" are present in Europe today, and the region’s strengths should be able to overcome them.