You are here

THE BOTTOM LINE

Chances of achieving Europe's 'grand bargain' diminish

Wednesday, September 28, 2016 - 05:50

THE need for a "grand bargain" in Europe to relax fiscal policy and tighten the European Central Bank's (ECB) monetary stance is becoming greater than ever in the face of lacklustre growth, high unemployment and anti-governmental "populism".

But the chances that this will happen are