I have lost count of the number of newspaper articles over recent weeks predicting the imminent break-up of the Euro, a default by at least Greece, maybe Portugal, Ireland and Spain as well, the collapse of the European banking system and as a result, a “double dip” economic recession from which there may be no obvious way out. Often accompanied by barely concealed glee, we are told that the “melt-down” in the Euro (to levels still slightly above where the currency launched in 1999 against the US…
‘Debt, disunity, default, double dip, deflation and depression?’
02 Jun 2010
Posted by Barry Norris