Whatever Germany does, the euro as we know it is dead - Telegraph
"This is why the euro, in its current form, is finished.
The game is up for a monetary union that was meant to bolt together work-and-save citizens in northern Europe with the party animals of Club Med.
No amount of pit props from Berlin can save the euro Mk I from collapsing under the weight of its structural dysfunctionality.
You cannot run indefinitely a single currency with one interest rate for 16 economies, when there are such huge fiscal disparities"
Friday, May 21, 2010
Subscribe to:
Post Comments (Atom)

0 comments:
Post a Comment