From The Washington Post
European leaders are considering ways to bring banks and government budgets under central control in hopes of putting the region’s two-year-old financial crisis to rest.
From THE WASHINGTON POST
U.S. and European officials, who just weeks ago seemed to be getting a handle on the euro zone’s financial crisis, are now scrambling to prevent a new round of problems from pulling down some of Europe’s largest economies.
European Central Bank President Mario Draghi warned in Brussels on Thursday that he considered the euro zone’s current structure “unsustainable,” and said the region’s governments must surrender far more budget and regulatory power to a central authority if the currency union is to be saved.