12:12

Eurozone woes

The Eurozone is entering yet another moment of truth. Once again the flaws in the original construct are becoming yet more apparent as a banking crisis is becoming inextricably linked to a sovereign debt crisis.

This doesn’t have to happen and the other great currency union, the USA, maybe has some answers. This article in Prospect last month is very interesting.

http://www.prospectmagazine.co.uk/magazine/californias-lesson-for-the-euro-randall-henning-budget-unions/
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