Of all the challenges posed to the eurozone by its Greece-induced woes, none is more pressing than reviving economic growth. The €750bn rescue package may already have succeeded in staving off an immediate liquidity and default crisis, either by a nation or a cascade of eurozone banks. But investors were right to take the package outside yesterday and kick it around the playground. Most markets retreated after Monday’s euphoria. That is not surprising: for the package to serve its purpose, sustained eurozone growth must return. Yet the fiscal adjustment required to meet its conditions may shut off the very growth it is designed to inspire.
在希腊危机对欧元区构成的所