Word: moreau
(lookup in dictionary)
(lookup stats)
Dates: during 2010-2019
Sort By: most recent first
(reverse)
...monetary union, the situation is grave indeed. "This is a very deep crisis for the euro and all of Europe because what we have is a terrible debt and deficit problem that virtually all European nations share and no collective structures to deal with any of it," says Philippe Moreau Defarge, a European affairs expert at the French Institute on International Relations. "Europe is being forced to recognize it isn't as rich or as well-organized as it thought, and faces several long, hard years of finding its way back to solid ground." (See "Greek Tragedy: Athens' Financial Woes...
Though worried about the underlying causes of the crisis - overspending by governments that led to spiraling budget deficits and public debts - Moreau Defarge believes member states will indeed take whatever efforts are required to save the euro. "There's nothing for any of them to go back to," he says. "This is the present and future they've chosen...