Even as governments act, time runs short for euro spotlight image

Even as governments act, time runs short for euro

Press quote (The New York Times)
Simon Tilford
13 November 2011

"I think we're in very dangerous territory, and the euro zone has to act soon," said Simon Tilford of the CER. "There isn't really a muddle-through option right now. And those who argue that it's possible for the south and Italy to default or deflate into competitiveness are fanciful and flying in the face of evidence."