All the usual characters are present this Halloween night across
the Atlantic. But European leaders doing the trick-or-treating
aren’t getting the sweet sugar fix they crave. My colleague Matthew
Melchiorre, fresh from a year in Italy, comments:
[M]any Europeans aren’t getting treats this Halloween. That’s
because the German and ECB houses on the block are handing out
austerity apples. And only one type of trick-or-treater eagerly
takes those: the nice polite ones who showed up early and go home
to do their homework.
German Chancellor Angela Merkel and European Central Bank
President Mario Draghi aren’t giving out freebie bailouts to
Southern Europe, despite constant haranguing from the Eurozone
periphery. Rightly so. Struggling currency bloc members need to
reform their economies instead of simply putting off their problems
with free money.
Get the
full lowdown on Merkel and Draghi’s cast of Halloween visitors
from Matthew at Real Clear Markets.