Has the EU escaped a Chinese rescue?
February 17, 2010

It looks like Greece will be all right. After years of denial and budget blow-outs that left the country’s public finance in a dire mess, it was announced after the summit of EU leaders on 11 February that – in one way or another – the eurozone will support Greece in getting its economy back on track. There is some disappointment surrounding the failure to come up with a solid rescue plan for Greece after German resistance to a swift bail-out. But, all in all, the eurozone is sticking by its most troubled member.