PREVIEW-REUTERS SUMMIT-Europe faces electoral and policy crossroads
By Mike Peacock
Feb 9 (Reuters) - The threat to its survival may have passed
year which could push it to break policy taboos while
challenging its ability to do so.
The threat of deflation is stalking the currency area and
increasing pressure on the European Central bank to act.
Anti-euro parties look set to perform well at elections to
the European parliament in May and could hamper the bloc's
ability to enact measures to bind its member states together
Euro zone leaders are still struggling to generate solid
economic growth that can eat away at unemployment rates running
at 25 percent and more in the hardest hit countries, and efforts
to create a banking union to prevent a future financial crisis
are widely viewed as having fallen short.
The bloc will also try to get Portugal and Greece back on
their feet after Ireland successfully exited its EU/IMF bailout.
Athens is likely to need more help to do so.