Eurozone's problems

The eurozone's problems have not gone away, and elections won't change much

Press quote (The Guardian)
Larry Elliott
18 May 2014

One of two things could happen. The euro could be fundamentally reformed along the lines proposed by Charles Grant, the director of the Centre for European Reform. This would involve throttling back on austerity, creating a banking union, structural reform in countries such as Italy to make them more competitive, rejigging the Germany economy to make it less export-focused, and a partial debt amnesty for the most heavily indebted eurozone members.