By Milton Ezrati

A number of key voices are pushing for relaxed finances and slower structural shifts.

The Cyprus solution drew on normal bankruptcy procedures. Applying this elsewhere could reduce uncertainty.

The Italian election damages the credibility of the Chancellor's euro-crisis strategy.

The divided vote increases the risk of broader financial problems.

If the wrong parties win in February, default could spread across the continent.

The EU is both addicted to austerity and eager to begin overspending again.

Chronic financial mismanagement and a burst real-estate bubble are more than Madrid can handle.

Expelling Greece from the euro zone will do more political harm than economic good.

Europe should not choose between two such disruptive extremes. It needs a third path.

Keeping the euro zone alive is in Germany's best interest. Smart money is on the side of the euro's continued existence.

Creating the Eurozone was in Germany's economic interest. Now it must lead the continent out of crisis.

Why Germany deserves some of the blame for Europe's economic crisis.

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June 19, 2013