Monday, October 24, 2011

Markets to eurozone: it's the growth, stupid

by Stephanie Flanders

BBC News

October 24, 2011

Eurozone: its the growth, stupid

Investors believe eurozone governments when they say they are completely committed to keeping the single currency together.

What the financial markets - and most economists - now doubt is the ability for eurozone economies to achieve decent growth.

And without growth, the politicians' promises may not be worth very much.

This is the reality that is starting to weigh on eurozone leaders - and it is not a pleasant one.

They have given themselves until Wednesday finally to come up with a credible version of Plan A. But investors and analysts seem to be thinking more and more about a Plan B.

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