01.29.2013 18:34

Is the Euro Crisis Over?

To get pasts their divisions – and remain relevant on the global stage – Europe’s partners must develop a new narrative
By Jean Pisani-Ferry

Financial crises tend to start abruptly and end by surprise. By the standards of these crises, three years is already a long time span. A year after the Lehman shock of September 2008, confidence in the U.S. financial system had been restored and the recovery had started. A little more than a year after the 1997 exchange-rate debacle triggered their worst recession in decades, Asian economies were thriving again. Three years have elapsed since Greece became a cause for concern for policy-makers and a cause for excitement for money managers.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
Sign up to receive our free daily newsletter