In The FT.

Martin Wolf: Eurozone might be on the verge of a crisis that “destroys” much of the European project.

In the FT, Martin Wolf argues that, “The eurozone might be on the verge of a fiscal cum financial crisis that destroys not just the solvency of important countries but even the currency union and, at worst, much of the European project.” He notes that, “Italy, with the fourth-largest public debt in the world, is probably too big to save: Italians themselves must make the decisive moves needed to restore fiscal credibility.”