from asia times online.......
"French economist Emmanuel Todd - who was predicting the decline of the US already before the invasion of Iraq - ranks the euro as a "zombie concept". Indeed - in the sense that wealthier northern Europe will never be ready to open their wallets to help southern Europe to reach an equivalent economic level.
National egoism rules. The euro is too expensive for Greece, Portugal, Spain, Italy and even France. The euro's rate in relation to the US dollar is adapted to Germany or the Netherlands, not for southern Europe. For these countries, the euro is like a cluster bomb on their growth"...........READ MORE
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