How a good idea became a tragedy.

An excellent article from Spiegel.  I concur with the opening paragraph which echoes comments I have made in previous posts.

The Greek crisis has revealed why the euro is the world's most dangerous currency. The euro was built on a foundation of debt and trickery, where economic principles were sacrificed to romantic political visions. The history of the common currency is the story of a good idea that turned into a tragedy of epic proportions.

And there you have it in a nutshell.  Remember, the Liberal Democrats would have had us join this shambles.


http://www.spiegel.de/international/europe/0,1518,790138,00.html

See also: http://www.spiegel.de/international/europe/0,1518,790333,00.html

and: http://www.spiegel.de/international/europe/0,1518,790568,00.html


As to: what next?  See: http://www.spiegel.de/international/europe/0,1518,790352,00.html

Will Slovakia fetermine the future of the euro?  See:

http://www.spiegel.de/international/europe/0,1518,790577,00.html