The lack of clarity along with recent investor sales of Italian and Spanish bonds have led analysts to become increasingly pessimistic.
“The euro zone crisis has recently worsened significantly, exacerbated by disagreements between the E.U.’s key politicians,” said Ruth Lea, an economic adviser to the Arbuthnot Banking Group in London. “It is becoming increasingly clear that there will have to be major steps towards fiscal union or the euro zone will begin to disintegrate.”
THE DISINTEGRATION OF THE EURO WOULD BE A GOOD THING FOR EUROPEANS.
IT WOULD BE A JOLT TO THE GLOBAL ECONOMY, BUT ONE WE WOULD OVERCOME, EVENTUALLY.
AND IT WOULD BE BETTER THAN PROPPING IT UP - WHICH IS ONLY DELAYING THE INEVITABLE AND DIMINISHING THE RIGHTS OF EUROPEANS.
1 comment:
Hi.
Eurobonds here we come?
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