Much has been written on the fate of Greece and the other PIGS. It is clearly a watershed year for Greece. Jim Rogers predicted years ago that the euro would fail because of the inability of forcing member states to follow the Maastricht treaty and the inability of currencies to adjust to fiscal imprudence. The 2009 recession is the first time the self-restraint of EU member states has been tested. But, as the media often reminds us, at issue with Greece is not just the integrity of the EU and the euro, but the socio-political stability of the whole country.
Showing posts with label Greece. Show all posts
Showing posts with label Greece. Show all posts
Monday, February 15, 2010
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