G20 helps those that help themselves


At the latest meeting in Mexico, the G20 has told the EU to do more to help itself before turning to the international community for support. It’s not the first time it has heard this message, but it underlines the ongoing vulnerability of the rescue mechanisms in Europe; the firewalls currently in place are not enough to provide a sufficient backstop to Italy and also Spain. The issue is simple – in aggregate the eurozone is a relatively rich region with sustainable levels of debt. However at

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