The Euro Has Significant Problems - And
They're Likely to Worsen [View article]
Of course none of the critics of this well thought out piece actually address its major point which is that the structural deficit of no unitary government with a treasury to back up the actions of the central bank is a potentially fatal flaw in the Euro-system.
Euro has the fatal flaw of being governed by a single central bank but multiple national governments. This dichotomy can only be resolved in one of two ways.... 1) the euro disintegrates 2) a Eurozone gov't forms
Which one do you think is more likely...I'll take the former.
The Euro Has Significant Problems - And They're Likely to Worsen [View article]
The Euro Shows Its Real Colors [View article]
Which one do you think is more likely...I'll take the former.