The Euro’s big fat Greek wedding…Gideon Rachman (FT)
I must say that it is difficult to see a happy ending for the Euro. There is little convergence, little homogeneity and very little patience from the German voter for the plight of the PIGS (Portugal Italy Greece Spain), who desperately need to devalue, as GB has done, but cannot due to being locked in to the Euro.
Al B
http://www.ft.com/cms/s/0/d0c12cd6-3b5d-11df-b622-00144feabdc0.html
This entry was posted on Monday, March 29th, 2010 at 3:03 PM and filed under Blog Posts, Economics, Europe, Politics. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.
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very clearly explains what is going on.
Posted on 30-Mar-10 at 10:58 am | Permalinkthanks