Another blow to Europe

As has been pretty much the European story since the crisis strengthened, with Europe’s leaders content to just kick the can down the road, it takes a few weeks after a ‘crisis’ summit/meet for the next crisis to erupt. So barely a month after the ‘last-chance’ summit where, at Angela Merkel’s insistence, Europe continued down the wrong path by plumping for fiscal austerity even in the face of a recession, the next crisis is here. 

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