The complex end of a summit marathon

Janis A. Emmanouilidis

EPC Commentary

10/2011

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EU leaders gathered in Brussels for an unprecedented summit marathon this week reached a potentially landmark deal to restructure Greek debt, strengthen the European Financial Stability Facility (EFSF) and recapitalise major European banks: adding a number of essential ingredients to an already very compound crisis recipe. But many crucial details still need to be elaborated and it is far from certain whether the package as a whole will stand the test of time, writes Janis A. Emmanouilidis in this commentary.

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