Archive for October, 2011

The Ticking Euro Bomb: What Options Are Left for the Common Currency?

The Ticking Euro Bomb: What Options Are Left for the Common Currency?

| October 7, 2011

Politicians have maneuvered their countries into an unparalleled situation in the euro crisis. In the end, only two possibilities will remain to save the beleaguered common currency: an expensive transfer union or a smaller monetary union. Either solution will be extremely costly.

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The Ticking Euro Bomb: How the Euro Zone Ignored Its Own Rules

The Ticking Euro Bomb: How the Euro Zone Ignored Its Own Rules

| October 6, 2011

After they joined the euro zone, the countries of southern Europe suddenly discovered they could borrow money at German-style rates, and any hope of sorting out their dodgy finances vanished. But it was France and Germany who set the worst example, when they broke the euro-zone rules they had forced on others.

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The Ticking Euro Bomb: How a Good Idea Became a Tragedy

The Ticking Euro Bomb: How a Good Idea Became a Tragedy

| October 5, 2011

The Greek crisis has revealed why the euro is the world’s most dangerous currency. The euro was built on a foundation of debt and trickery, where economic principles were sacrificed to romantic political visions. The history of the common currency is the story of a good idea that turned into a tragedy of epic proportions.

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