Euro

There is a real possibility that some countries have overstretched themselves so much that they cannot service their debt in the near future. It now looks more like a question of ‘when’ rather than ‘if’ that will happen. We are anxiously awaiting the next act of this Greek tragedy.

Where is the European Union heading? How are Europe’s economies dealing with the repercussions of the financial crisis? And where will the continent be when the crisis is over? These are the questions that should be asked in Australia because the state of Europe still matters to our economy.