Despite the difference in the volume of cuts, the main friction is now in the duration of the agreement. The Republicans are willing to accept only a short term plan, which would lead to a new decision on the debt ceiling early in 2012, the year in which presidential elections are held. The Democrats are…
Klaus Regling believes there is the hope that the crisis will be overcome in the medium term. For this reason, the countries of the euro zone must continue saving measures and reforms. For even more analysis, hear from Jim Vos. It criticizes the pessimism of the Germans, their compatriots, who always think that everything can…