Eurozone Crisis? Not to Worry!

That’s the conclusion of economists Fred Bergsten and  Jacob Funk Kirkegaard.  They take the long view of things.  From that perspective, not only will Europe rise to the occasion, the EU will become stronger as a result:

As the US Constitution’s 27 current amendments clearly show, faulty initial designs need not preclude long-term success. If the history of the integration exercise and its crisis responses to date are any guide, Europe will emerge from its current turmoil not only with the euro intact but with far stronger institutions and economic prospects for the future.

You can read all about the half-full glass here.

 

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