nakedempire


The American Empire in a Changing World



Pages

Friday, December 30, 2011

''On 10th anniversary, euro takes blame for economy''

from ap and...........read more from alarabiya........

"Just three years ago, the euro was being praised as the can-do currency that had delivered unprecedented prosperity in Europe.

Now, it’s widely derided as a hugely flawed experiment in the wake of a debt crisis that’s threatening its very existence - an uncomfortable backdrop as the currency’s notes and coins hit their first decade in circulation on Jan. 1.

The question is: Will it get to its 11th birthday, let alone 20th? In the euro’s tumultuous short history, it has already been heralded as the ultimate mark of a peaceful, united Europe; scoffed at as a giant act of hubris by a distant political elite; and credited with giving Europe a more influential voice in the world."

No comments:

Post a Comment