ABSTRACT
At the time of writing, the Euro sovereign debt crisis is far from over. This is precisely the conclusion reached by Martin Wolf (2013) in a Financial Times column entitled ‘Why the Euro Crisis is Not Yet Over’: ‘Those who believe the Eurozone’s trials are now behind it must assume either an extraordinary economic turnaround or a willingness of those trapped in deep recessions to soldier on, year after grim year. Neither assumption seems at all plausible.’
