Debt Crisis Update: Muddling through no longer an option

"Muddling through" the European debt crisis is no longer an option: Fundamental decisions must be taken, explained Credit Suisse Research Institute members and senior advisors at the recent bi-annual meeting in London. They agreed that although the announcements from the latest EU summit indicate concrete steps towards closer political and economic union, structural reforms and tightening of fiscal budgets are among further, long-term measures required to guarantee the union's stability. "

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