Opinion | Vivien A. Schmidt
Eurozone crisis reveals lack of clear leadership
Most of the attention to the eurozone crisis in the business pages of US newspapers is on economics. Will eurozone countries default on their debt? Are the spreads on debt too high to be sustainable? Are the banks the real risk? Will the euro break up with a Greek exit? Or will it be Germany? All good questions, but they miss the point. The real problems for the EU are political, and speak to a crisis of leadership.