On the merits of this article, Radio France International contacted me last Thursday to do a telephone interview on the EU debt agreement, for a piece that aired on Friday. So far the deal hasn't been entirely outrun by events, but it looks like that might soon be the case. I'm tempted to say that without a solid European growth horizon, no virtual package is going to do the trick. On the other hand, eventually the numbers will be large enough to cover the basic math of the crisis, because it feels like the political tipping point regarding a European commitment to preserving the euro at all costs has been reached. So at the very least, this deal is another step along the way to that outcome.
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