Sunday 17 July 2011

The eurozone has a choice: Split up or die

Daily Mail
"...The German public had no desire to abandon the Deutschmark when the euro was introduced in 1999, and they were also sceptical about the fitness of the weaker economies of southern Europe. When the sovereign debts of southern Europe became a crisis after the insolvency of Lehman Brothers in 2008, the Germans reacted as one might have expected of people who had always thought that the euro would collapse sooner or later."

No comments: