Apropos the editorial "Europe's upward march" (March 11), for the last two years, the weakest link of the Euro zone economy, Greece, had imposed a drag on this bloc, far beyond its size. There had been apprehension that its collapse would set up an avalanche of failure over an entire economic combine that was not too long ago among the top four, globally. Then, Europe finally got serious. The massive buying stimulus was unfurled by the European Central Bank even as Greece suffered a grinding regime of austerity for five years.
That said, stimulus alone may not suffice and many of them will need to enact reforms to address rising unemployment, falling consumer prices and economic stagnation. The role of Germany, that has been particularly vocal about not wanting to do more for its weaker sister nations such as Greece, would still matter. Germany needs to put its faith in the European Union.
R Narayanan, Ghaziabad
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