Next Act—The Plan Is Put to Test
Friday, October 28th, 2011 | Post a comment
WSJ’s Francesco Guerrera discusses the European bailout plan reached this week and harkens back to an Italian proverb: Fatta la legge, trovato l’inganno. “Make the law and a way will be found around it.” Photo: REUTERS/Yves Herman
BRUSSELS—Will it work?
The deal euro-zone leaders hammered out in the early hours of Thursday sparked a world-wide stock rally. But the market moves belied widespread caution about the accord among economists and analysts—and even some of the decision-makers in the debt crisis.