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More from S&P: The agency faults the EU for focusing too much on cutting budgets and not...

  • Friday, January 13, 2012, 4:50 PM ET
    More from S&P: The agency faults the EU for focusing too much on cutting budgets and not recognizing the issues "are as much a consequence of rising external imbalances and divergences in competitiveness between the (core and the periphery)," i.e. Italian, Spanish, and Greek labor can't compete with Germany.
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This news story has 3 comments:

  •  
    So ... they fault EU for not breaking up the eurozone? Is there any way to address the "imbalances" while keeping the one currency?
    13 Jan 2012, 04:53 PM Reply Like
  •  
    No. I'd say we decline 4-5 percent. Especially after Greece gets out of hand next week. The Santa rally looks like it ran out of steam.
    13 Jan 2012, 05:00 PM Reply Like
  •  
    hey, you austrians! loosen up and give up more money! do what we say or you go down to A.
    15 Jan 2012, 06:57 AM Reply Like
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