Eurozone crisis exit strategy: Fiscal policy first, monetary policy follows.
The article discusses how to use monetary policy to help the eurozone recover from the crisis. It suggests that both monetary and fiscal policies can be normalized soon, but it might be better to focus on fiscal policy first. This is because delaying fiscal changes could lead to more debt, while monetary policy can be adjusted quickly. The European Central Bank needs to be clear about its interest rate decisions, and both policies should work together.