Europe's Banker Talks Tough

This article focuses on the tough realities that many of Europe Zone countries are facing do to unsustainable government spending and social contracts that have hinder growth. With the Euro Zone on the threat of a recession and many countries nearly on default there have been many different calls for limiting cuts in government in favor for higher taxes to drive revenue and keep debt market stable, but the ECB leader Mario Draghi threaten the latter might have real effects on the growth of the economy. He hopes that euro zone countries will be to able grow there way out of the challenges they face. He also talks about the challenges the Euro will face as there is no way to shift wealth between the different countries that make up the Euro currency.