Saturday, December 11, 2010
Elizabeth Dean - Euro
Does a single currency stand a chance? With profligate debtor states owing their ability to continued operations to zee Germans: Is it possible for sovereign nations with disparate economic, social, political and religious beliefs to assimilate enough to ensure a single currency long term? 8 years in and one long and deep recession paints a bleak picture of its chances. Will one more bailout drive the germans back to the mark? Likely.
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