Davos Tells EU to Fix Crisis for Good

http://www.bloomberg.com/news/2012-01-30/davos-tells-euro-leaders-to-fix-crisis-for-good-after-two-years-of-failure.html

Attitudes following the meeting of the World Economic Forum are mixed with regards to European recovery. Nearly all agree that the outlook for the next year rests on what happens in Europe, but there is disagreement over whether the policies being pursued are correct or if they go far enough. Some believe that there need to be increased guarantees surrounding debt, and that the actions of the ECB haven't solved anything, but only have given breathing room to sort out the issues.

The largest threat to European stability remains the threat of Greek default. Opinions on the fallout from a Greek default are mixed, with some in the financial community believing it would be a disaster, while others believe that it would be a manageable crisis. Whatever the case, the fact that the crisis continues to unfold year after it began is a sign that it progress has been slow going and that the end is still not yet in sight.

Some analysts believe that this respite will be short lived, and that the markets will soon react to the fact that the crisis has yet to be solved. Whatever the case be, until the issue of solvency among the European nations is settled, the crisis will continue.