The euro: a crisis that defies answers

Press quote (BBC)
16 December 2010

Others like Simon Tilford from the Centre for European Reform have long argued that the only true remedy is fiscal union. However, he concedes, the "political obstacles to such a union appear insurmountable". Ultimately he believes the euro is unlikely to crack. "EU leaders," he says "will do whatever it takes to save the euro, short of setting up a fiscal union".