Elections won’t solve many of eurozone’s problems spotlight image

Elections won’t solve many of eurozone’s problems

Press quote (Gulf News)
Larry Elliott
20 May 2014

The euro could be reformed fundamentally along the lines proposed by Charles Grant, director of the CER. This will involve throttling back on austerity, creating a banking union, structural reform in countries such as Italy to make them more competitive, a rejigging of the German economy to make it less export focused, and a partial debt amnesty for the most heavily indebted Eurozone members.