The major resolutions that were announced after yesterday's European meeting, though important and crucial for the eurozone survival, are not the answer to the real problems behind the nowadays crisis. They only provide some room to breathe, so that the root causes can be addressed, namely a deeper integration at political level (from an economical and financial perspective), resulting in stronger European institutions, and a better definition of the path to make the peripheral economies go back to growth whilst addressing the State burden in the economy. If we don't use this "oxygen balloon" to progress in these points, Europe will find itself in the same situation in a couple of months.
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