Eurozone Crisis: Is Short-Term Relief Enough To Ensure Survival?

The approval of a second bailout for Greece and a second LTRO auction by the European Central Bank have significantly alleviated meltdown risks for the eurozone periphery and the region’s banks. However, more will need to be accomplished over the next 12-18 months to ensure the long-term survival of the currency bloc. BMI’s Head of Europe Country Risk is joined by our Global Economic Strategist, to assess where we currently are in the eurozone sovereign debt crisis.