The week that could make or break the eurozone
Looming decisions could put the single currency back on track – or speed its ruin
TONY PATERSON
Europe stands on the threshold of a series of dramatic make-or-break decisions this week that will determine whether the eurozone can finally move towards resolving its long-running economic crisis or shift alarmingly towards the abyss of European disintegration.
Tomorrow judges at Germany’s constitutional court will decide if a hotly contested permanent rescue fund can be set up to help bail out ailing eurozone countries. A No verdict or even restrictive conditions could cause chaos on the markets and signal the beginning of a possible demise of the euro.
Their ruling will be followed by a general election in the Netherlands. The result could hand power to the Eurosceptic Labour party of Emile Roemer, which is riding on a wave of popular frustration over Europe. Such an outcome could sow disarray within Europe and seriously undermine the EU’s strategy for helping ailing eurozone countries.
https://www.independent.co.uk/news/world/europe/the-week-that-could-make-or-break-the-eurozone-8122407.htm
