Europe’s “Slow-bleed Emergency”: Same Crisis, Different Week
By Aaron Task | Daily Ticker
Every week, it seems like there's some event that will "make or break" the European debt crisis. So why should this week be any exception?
On Thursday and Friday, Europe's heads of state will meet in Brussels for the European Union Summit. Ahead of the summit, George Soros yet again warned policymakers are running out of time to save the euro. (See: Stiglitz on Europe: Soros Is "Being Generous" Giving Them Three Months)
"I am afraid the summit could turn out to be a fiasco" if policymakers don't resolve their differences in the three days before the summit, Soros tells Bloomberg TV.
The famed financier put forth his own proposal to put Europe back on a sustainable path that would create a Europe Fiscal Authority (EFA), a debt reduction fund and Eurobonds......
