EU Juncker: Euro Not In Danger; Must Narrow Divergences: CNBC iMarketNews.com
Wasn't it foreseeable? Without a European Government, with a common economic policy, how can you manage a common currency? It will go into history as one of the great blunders: with the introduction of the Euro, dramatically different national economies lost one of the the critical tools of economic policy, the possibility to devaluate their currencies. Ireland can't devalue the Euro. But it could kill it!
Wednesday, November 24, 2010
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