A new year is always meant to be a fresh start. But rarely can that have been so true as for the euro zone over the last month.
After three years of almost perpetual crisis, 2013 opened in a surprisingly optimistic mood. Leaders of the battered single currency have started to declare that the war is over â€” and that they have won.
â€śI think we can say that the existential threat against the euro has essentially been overcome,â€ť the European Commission President JosĂ© Manuel Barroso proclaimed in a speech in Lisbon earlier this month. The euro crisis is â€śbehind us,â€ť argued French President Francois Hollande just before Christmas. â€śThe most acute phase of the crisis appears to be definitely over,â€ť insisted Italian Prime Minister Mario Monti.
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