Wednesday, 12 January 2011

Nobel-winning economist:


This single country could end the euro



Wednesday, January 12, 2011


From Newsmax:

The European Union doesn't have the resources to rescue Spain if it "collapses," an event that could lead to the end of the euro, Nobel Prize-winning economist Christopher Pissarides said.


A collapse would be "a very serious problem," Pissarides, who teaches at the London School of Economics, said at a forum in Beijing today.

Such an event "might even see the end of the euro…

Read full article...

More on Spain:

The euro crisis is about to get much worse

"Dr. Doom" Roubini: The next euro nation is falling into crisis

Forget Greece and Ireland, this is the only country that matters