Economics: Europe Inches Toward a $2.2 Trillion Plan That May Never Happen
By Ian Wishart and Viktoria Dendrinou 6-8 minutes - Source: Bloomberg Photographer: Geraldine Hope Ghelli/Bloomberg More than 100,000 people are dead, the euro area is headed for its deepest ever recession -- and Europe’s leaders are still talking about what to do. It’s a strange way to tackle their worst emergency since World War II when it’s already been going on for a couple of months. But in the European Union it seems it can’t be any other way. Even a 2 trillion-euro ( $2.2 trillion ) recovery plan drawn up by the bloc’s civil service may take months before it sees the light of day. If it does at all. While such a way of operating seems baffling to those more used to watching individual govern