European Central Bank president Mario Draghi arrives for an informal meeting of economic and financial affairs ministers in Tallinn, Estonia in September 2017. Photo: AFP 
David Brown
Opinion

Opinion

Macroscope by David Brown

Europe’s financial position is still perilous years after the debt crisis

David Brown says the apparent stability of the European Union masks the heavy debt levels of its member countries, which were only propped up by decisive action from Germany and the ECB that may not be there next time around

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European Central Bank president Mario Draghi arrives for an informal meeting of economic and financial affairs ministers in Tallinn, Estonia in September 2017. Photo: AFP 
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