What the Euro Zone troubles have taught us since long is how intricate, complex and unpredictable they are. More so as seen by financial markets or investors lumped together as a single entity.
This time round political determination appears to have won the day but only after the threat shifted to a major economy such as Italy's. And looked real.
Greece, Ireland and Portugal need to tidy up their houses - broadly ensuring public accounts are permanently brought under control.
Ultimately the key challenge is to kick-start the economy restoring growth at the earliest.
A lot of strategic thinking will have to translate into actual policy that promotes a healthy path to drive economic growth.
Macro imbalances generated by huge trade and current account deficits are no longer sustainable.
To my mind they never were, only briefly and irresponsibly disguised while the going was easy and nobody seemed to care...
To achieve desired stability across the Euro Zone the current deal has bought much-needed breathing space and time.
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