# Prof. Edward Altman on the European leaders' plan to solve the debt crisis

1 Faculty News October 28, 2011 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/da4806b4-017f-11e1-b177-00144feabdc0.html#axzz1cMx1Prg9) -- “The recent decisions will calm the markets but only in the short run. What needs to be addressed for a longer-term return to stability are strategies and implementation of means to address the fundamental issues like growth.” Additional coverage appeared in Q Finance.

[Read more](http://www.ft.com/intl/cms/s/0/da4806b4-017f-11e1-b177-00144feabdc0.html#axzz1cMx1Prg9)