Indeed, her China trip should be seen as an effort to assert leadership across the eurozone.

The eurozone crisis will not be resolved until this internal imbalance is reduced to a sustainable level, which requires not only fiscal adjustment in the troubled peripheral economies, but also balance of payments adjustments across the eurozone as a whole.

For eurozone citizens who do not speak a major language, especially English, mobility across national borders within the single currency area is limited at best.

But nowhere is the problem as acute as it is in Europe, or, rather, the eurozone, where German savers are suddenly discovering risk across the European periphery.

Commercial banks found it advantageous to accumulate weaker countries bonds to earn a few extra basis points, which caused interest rates to converge across the eurozone.

The bailout is no solution to the fundamental problems that the eurozone confronts at best, it buys time to spread the inevitable wrenching adjustments over time and across people.

Even assuming that agreement can be found within the eurozone on how to allocate the desired gains and losses in competitiveness across countries, member countries are not centrally planned economies.

Not only are these banks now large relative to some national economies, but the quality of government credit is now in question across the eurozone periphery up to and including Italy.

How could a eurozone supervisor be based outside the eurozone?

The assumption that the German economy will accelerate out of its current crawl is essential to confidence in Europe s financial safety net, and to a banking union that credibly shares risks across the eurozone.

Scotching the Eurozone

Optimizing the Eurozone

Rebalancing the Eurozone

But the pain will not be shared evenly across the eurozone. To rebalance their budgets and regain competitiveness, peripheral countries will eliminate thousands of public sector jobs the very jobs that middle aged workers dominate.

Thus, the eurozone faces three choices even more austerity for the heavily indebted countries, socialization of the debt across Europe, or a creative re profiling of debt, with investors forced to accept losses sooner or later.

Sustaining the Unsustainable Eurozone

Democracy versus the Eurozone

This time it is from Europe, where a raging sovereign debt crisis threatens to turn a mild recession into something far worse a possible Greek exit from the euro, which could trigger contagion across the eurozone.

The Government the Eurozone Deserves

Demokratisasi di Eurozone

Poland s Eurozone Tests

Eurozone Budgets Under the Spotlight

Brady Bonds For the Eurozone

Decision Time for the Eurozone

Early Retirement for the Eurozone?

Eurozone Chutzpah and the IMF

Golden Rules for the Eurozone

Growing Up in the Eurozone

Judgment Day for the Eurozone

Short of dropping out of the eurozone, the only real option available to Greece, Spain, and the others to boost competitiveness is to engineer a one time across the board reduction in nominal wages and prices for utilities and services.

Alexander Hamilton s Eurozone Tour

Signs of Life in the Eurozone

The Eurozone Needs More than QE

A Standby Program for the Eurozone

A Survival Strategy for the Eurozone

The eurozone wants it both ways.

A Breach in the Eurozone Dike

Three Ways to Save the Eurozone

The assessment of measures also varied across sectors and across Parties.

The assessments of measures also varied across sectors and across Parties.

In the eurozone, the outlook is worse.

But the eurozone is doing the same.

There is a second solution the exit of Germany from the eurozone or the division of the eurozone into two sub regions.

BERKELEY Last December, with Europe s financial system on the brink of disaster, the European Central Bank stunned the markets with an unprecedented intervention, offering banks across the eurozone essentially unlimited liquidity against any and all collateral for an exceptional period of three years.

Indicators for the eurozone are even worse.