The Global Roots of Euro-Jitters
It is too simplistic to explain the current wave of concern about the euro in terms of Greece’s problems. The euro’s current problems are, instead, a reflection of Europe-wide and global problems that have remained unresolved for the past 30 years.
https://prosyn.org/Y0IpcFU
FLORENCE – It is too simplistic to explain the current wave of concern about the euro in terms of Greece’s problems. Greece has massive fiscal and competitiveness problems, but Greece (2.25% of the population of the European Union) is smaller than California (12% of the population of the United States). And California, too, is suffering massive fiscal difficulties and declining competitiveness in some of the industries in which Californians were once pioneers.