This is probably one of the most upbeat posts I have written on Europe in quite a while. Originally, I intended to write this post as a short blurb discussing Angela Merkel’s recent European proposals but there are a few loose threads I should tie in to what Merkel is saying to give a more complete analysis. The title says it all. What I see in the rhetoric and decision-making of European politicians is support for policy moves that will be difficult to reverse. That makes me believe we are reaching the end phase of the European debt crisis, with the workout lasting years beyond this.
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