Saturday 4 December 2010

The Common Currency's Curse


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Paying for expanding without due diligence. China’s virtues and their buyer’s weakness. “Plastic education” and unemployment. Pirate protection: decadence at work?

1. The economic crisis. Through its impact on the national economies of indebted countries, the Euro is increasingly becoming a problem. Beyond that, the common currency is not proving to be a solution. Much rather it is appearing as an impediment to the recovery. At the same time, it is becoming a proper subject of discussion in polite society that the EU and the Euro rank among the major causes of the crisis.

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