Miguel Duarte

“In view of the severity of the crisis, further exacerbated by the downgrading of the US ranking, European leaders have got to stop making quick fix-it solutions to the very serious debt crisis. Rather than prepare the next plan for Spain or Italy, they must tackle the root cause of the problem. Their obfuscation and policy of too little too late has provided no lasting solution and only caused great pain to the tax payer and to European competitiveness. It is indeed scandalous that it is the markets that are forcing the long needed changes and not political courage and vision.”