Sunday, February 24, 2013

Why the Euro Crisis Isn't Over

The Weekend Interview with Bernard Connolly: Why the Euro Crisis Isn't Over - WSJ.com:
"Yet unemployment is close to 27% in Spain and Greece.
The euro-zone economy shrank ever-faster throughout 2012.
And—most important in Mr. Connolly's view—the economic fundamentals in France are getting worse.
This week France announced it would miss its deficit-reduction target for the year because of dimming growth prospects.
It's one thing to bail out Greece or Ireland, Mr. Connolly says, but "if the Germans at some point think, 'We're going to have to bail out France, and on an ongoing, perpetual basis,' will they do it?"

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