The European Council summit, held in Brussels on March 24–25, presented an all-too-familiar tableau: European leaders in Brussels squabbling over questions of economic governance and how to stabilize the eurozone in the midst of roiling financial markets and mounting political crises. As investors questioned the European Union’s willingness to address ongoing financial turmoil in Greece, Ireland, and Portugal, Portuguese bond spreads skyrocketed and Prime Minister José Sócrates’ minority government collapsed.
Read Full Article »
