Economic performance among EU nations is getting more divergent. While Germany and France continue to modestly expand, debt-plagued countries like Greece are shrinking. That makes it tough for the European Central Bank to set i…
To hear the pundits tell it, Greece’s debt woes signaled the end of the euro, or worse. Yet, the country’s rebound grabs few headlines. This pattern is getting repeated over and over, much to investors’ detriment.
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Greece’s budget cutting has caused widespread strikes that have lead to shutdowns of parts of the public and business sectors. Prime Minister Papandreou now says the cuts are sufficient, but that announcement didn’t assuage the…