Quote of The Day: Euro-Zone Debt Deal Skepticism...

“The weaknesses of Europe’s common currency area, ranging from its design to a persisting dearth of bank funding and anemic economic growth, weren’t properly addressed in this accord. It avoids an imminent catastrophe and means Greece should be able to meet its obligations in the near future, and it may restore a bit of confidence. But it won’t prevent the debt crisis overall from rambling on and indeed escalating.” 


- Harvard University economist Kenneth Rogoff and Jonathan Loynes of Capital Economics